Why Tech Companies Are Going For Mass Layoffs

By Ankit Garg www.lifeactive.in

During the pandemic companies went to increase their output to meet the market requirements.

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As the demand is coming back to pre-Covid levels these companies are cutting down their costs by closing down low-performing projects

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The war has also contributed to these layoffs as it has made the market more volatile.

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Rising inflation has also impacted several world economies severely leading to a crisis in the job market as well.

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Thanks for watching

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