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 was equally a victim of one of those who where stopped from there place of work because of COVID-19. What I understood was that there where alot of manpower employee which was employed eirler before the the COVID 19 and companies where looking for a way of reducing the manpower or work force but didn't know how to, but used the COVID-19 opportunity to reduce some numbers of workers and stick to some fewer workers. I believe most companies are banked rupt and don't have enough money to hire workers thats why unemployment rate is everywhere. There is no much product except for the mini company but most multi companies has crashed after COVID. and other natural disasters like flood and earthquakes from the country that has such problem always. So any country that faces this natural disaster problem will always find it difficult to get employment because most companies will take time to get fund to start again.