What is the economic reasons behind cutting employees

Reference no: EM13205843

We are in the midst of a slow growing economy in the aftermath of a severe recession. During the economic downturn many businesses laid off workers very quickly once they forecast their sales were dropping. What is the economic reasons behind cutting employees very quickly in a slowing economy? Why are companies slow to rehire workers even though the stock market is quite high? In other words, what are some of the impediments to hiring and how are businesses getting the work done with fewer employees?

Reference no: EM13205843

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