People might be aware that some of the esteemed and largest organisations are laying off their employees left right and centre, are we heading into recession? Because I have seen my colleagues getting laid off and it's been months they are unable to find a job. Either we are heading towards recession or globally companies overhired the employees post COVID hence clearing the additional manpower. I am bit convinced that it's like recession sort of thing and not sure to over hiring. Share your thoughts on this crisis which has left a good amount of people without any work.
I don't think the recession is coming. After the pandemic, we have seen lots of products, services, and businesses going digital, and this has made companies and organizations accept the digital era. That is what is increasing on a daily basis and has made companies lay off there workers. I know how many people were sacked from Facebook and other digital companies because of the invention of AI technology, which has made performing tasks easy and faster. If it were you, why would you need more workers to work for you when you can employ just two workers who know how to operate the new technologies and get your work done easily, faster, and accurately?