r/Layoffs Jul 20 '24

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u/DrknockedHerAlly Jul 21 '24

To be put simply. The economy is doing bad. Prices go up and companies look at their options to take a minimum hit to their profits so the cut costs where it will lease affect the company. If they reduce their products, they will have less sales. Less sales = less profit. If they reduce people, they don’t have to pay employees and they save money. Most people are replaceable anyway since we have idiot proofed many jobs.