In case of recession, why are most companies laying off many of their employees?
Uncertain about the Exam System and Curriculum: Get to know examination pattern and syllabus including preliminary, mains, and interview levels. Know in detail what each subject and stage entails. Develop a Study Schedule: Create a reasonable duration for all subjects which should involve time for rRead more
Uncertain about the Exam System and Curriculum: Get to know examination pattern and syllabus including preliminary, mains, and interview levels. Know in detail what each subject and stage entails.
Develop a Study Schedule: Create a reasonable duration for all subjects which should involve time for revision as well as practice. Come up with your daily, weekly, and monthly goals. Read Books and Materials Prescribed by Board: Follow recommended books related to each subject among standard textbooks. Current affairs magazines and online resources enhance your reading materials.
Keep Track of Current Affairs:
Go through newspapers on a regular basis while also following reliable news sources.
What happened during these events? What do they mean for the exam course?
Take Notes Regularly While Also Revising Often: Prepare short notes for each topic using minimum words possible.
Regular review is very important in remembering things better as well as understanding them deeply
Practice Writing Skills: To improve your answer writing skills solve previous year’s papers & take mock tests on it. Concentrate on being clear, having good structure, expressing oneself properly
Join Coaching or Online Courses (if needed): Consider joining coaching classes or taking online courses to be guided in an organized manner.Engage yourself into group discussions with fellow mates.
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During a recession, companies lay off employees primarily to manage costs and ensure survival. Revenue drops as consumer spending decreases, prompting businesses to reduce expenses, and labor is one of the largest costs. Layoffs help immediately cut payroll expenses and preserve cash flow, which isRead more
During a recession, companies lay off employees primarily to manage costs and ensure survival. Revenue drops as consumer spending decreases, prompting businesses to reduce expenses, and labor is one of the largest costs. Layoffs help immediately cut payroll expenses and preserve cash flow, which is crucial during economic uncertainty.
With lower demand for products and services, companies need fewer employees. Aligning the workforce with reduced demand helps maintain operational efficiency. Additionally, recessions often trigger restructuring efforts to streamline operations and eliminate redundancies, further driving layoffs.
Publicly traded companies face investor pressure to maintain profitability and protect stock prices. Layoffs signal decisive cost management, reassuring investors about the company’s financial health. For some businesses, layoffs are essential to avoid bankruptcy, ensuring they can continue operations during the downturn.
While layoffs are common, they can harm employee morale, company reputation, and long-term performance. Some companies explore alternatives like reducing executive salaries, cutting non-essential expenses, or implementing temporary furloughs to mitigate these impacts. Ultimately, layoffs are a strategic move to balance immediate cost reduction with the goal of emerging stronger post-recession.
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