Profitable firms should try their best to avoid retrenchment
Quite a few companies, most notably ones in the tech industry, have made the news recently for reducing employee numbers locally and worldwide because of lower revenues.
- by autobot
- Jan. 24, 2023
- Source article
Publisher object (23)
Quite a few companies, most notably ones in the tech industry, have made the news recently for reducing employee numbers locally and worldwide because of lower revenues. I hope that company managements and investors will try their best to retain staff as long as the companies remain profitable. Retrenched staff and their families go through a lot of hardship, especially during these difficult times of rising costs. I hope all companies will be kind to their employees.