Quote from: Webetcoins on Today at 10:51:02 AM

Quote from: Promocodeudo on March 14, 2024, 01:48:28 PM

When a company can no longer handle the expenses that's accrued to them, what do we expect, I think redundancy is better than going bankrupt, a company whose monthly or annual profit is no longer enough to pay their actual work force number should either sells of their stake or remain relevant in the market by doing the needful.
If we should consider the the things that are happening now, I will say that many countries are in the recession already.
Some countries can no longer sustain their workforce because of this recession but though this might be as a result of the government mismanage of funds meant to be used to foster more production.

No one wants to get bankrupt, so redundancy is always going to be their first choice once they enter a recession state. There is still a chance for them to recover and that's going to be the time for them to add more workers again. I think another option that a company can do is to reduce their worker's salary.

This is sad but at least we are still working and earning something as a worker, right? And it can only be temporary but once the company recovers again, our salary can also go back to normal and might have an increase as a compensation to what happened last time. It's still better to prepare for the worst like a recession by having some savings or investment.

No one voluntarily chooses bankruptcy express. Redundancy? It's better than nothing, but it's not a panacea. This provides momentary alleviation but does not fix the problem. Recessions mean companies cutting staff to survive, right?

Reducing pay is another matter. We're still paid, but at what cost? Our livelihoods? Our sanity? You're right: temporary pain for long-term gain. This temporary becomes the new normal when? Companies love to promise salary rebounds and raises. However, how often does that occur?

Saving or investing for the worst is wise. No argument. However, many can't afford preparing The key? Don't merely avoid life's unavoidable challenges; learn how to find meaning and purpose in them