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.
Ha they got replaced by AI or their ceo saw them as an excess expense on the companies budget, about recession I think it's has started long ago and its not from the government but rather technological advancement, the world is moving fast these times and the old ways of doing things are getting abolished and to stay on track or remain winning you need to be at the standard of how things are done.
A lot of things could be the reasons why your friends were sacked but it may have nothing to do with recession unless the company is going bankrupt or have a change of business style thar doesn't involve workers, or maybe bad behavior.