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Layoffs
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GroovyPenguin
GroovyPenguin
Thoughtworks

What are the causes of layoffs?

What causes so many large companies to lay off their employees, even when they have enough work for the employees? Why do companies want to have fewer people working for them? Can any expert provide their opinion?

3mo ago
2.1Kviews
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SparklyNoodle
SparklyNoodle
Freelancer3mo

For maintaining profits

PerkyNoodle
PerkyNoodle
Gojek3mo

To show investors that in the next year we have less people to feed, so our profits will be more. To sell this idea and get more funding and then hire more. Repeat.

ZestyPancake
ZestyPancake
K12 Technoservices3mo

Layoffs have increased in recent times. With so much technological advancement, companies don’t find the need to focus on employee numbers. There can be many reasons for layoffs. The common ones are:

  • If the company stakeholder decides to relocate the company to another part of the country, it can reduce its workforce.

  • Shutting down companies can be a vital reason for laying off employees.

  • Cutting down expenses is another important reason to reduce employees.

  • If the company chooses to close part of its operations, it may lay off employees.

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