Lay Offs

The business environment in much of the world has become difficult because of the economic downturn that has dragged on for more than three years now. It was a matter of course that when the economy began losing serious ground in 2008, that it would recover due to the ingenuity of American companies and the promise of governmental intervention. Unfortunately, this has not been the case. The downturn has continued, and even though there are signs that it may be getting better, people are skeptical since this has been trumpeted many times by hopeful economic gurus and gullible politicians. Because the recovery does not seem immediately imminent, companies have been forced, for the last three or more years, to find ways to remain profitable. Among the methods used is that of trimming the workforce needed to make sure that the company itself can stay in business. However, this...
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