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Showing posts from November, 2022

Indians account for most of the layoffs

Along with Corona, the Ukraine and Russia war has plunged the countries of the world into crisis. In addition to the growing economic recession, due to the war and extreme weather conditions in many countries, even giant companies have started trying to get out of this situation. All the news of the dismissal of employees that we see in the media all the time is a part of it. The country's Reserve Bank has stepped into the field to withstand the economic recession that is affecting America due to Covid. It has increased the 'Federal Fund Rate (interest rate) on the loans it gives to banks. Naturally, all the banks put that burden on the customers. They have increased the interest rates on the loans they have given and given to individuals and companies. To cope with this burden, product-oriented companies such as Meta (Facebook's parent company), Seagate, and Microsoft have focused on cutting costs. To that end, one of the main ways that they can think of is the dismissal o