Layoffs and hires: the economy seeks to rebalance itself after the Covid-19 pandemic

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Written By Jennifer Joslyn

🤷‍♀️ Layoffs and hires: the economy seeks to rebalance itself after the Covid-19 pandemic.

Companies may lay off employees in one area or department while simultaneously hiring new employees in another area or department as part of a larger restructuring effort. This can involve shifting resources and refocusing the company's business strategy to remain competitive in a changing market. Layoffs may be part of a broader cost-cutting effort, while new hires may be necessary to fill critical roles or address staffing shortages in other areas of the company. This can help the company reduce expenses while maintaining essential functions and services.

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Jennifer Joslyn
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