How Businesses Responded To The Global Recession 2024

Feb 01, 2024

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Global Recession has hit masses of the people and that does not only include the employees but the employers equally. However, this problem can be handled easily if handled carefully with the right strategies. To help businesses understand the global recession and plan for their business success in the tough times as well, we've curated this amazing blog covering everything you need to know. We hope this will help you!<br><br>https://www.uplers.com/blog/global-recession/?utm_source=salary guide 2024&utm_id=link building

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How Businesses Responded To The Global Recession 2024

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How Businesses Responded To The Global Recession 2024 Cost cutting is the biggest reason for layoffs, as businesses try to manage their books amidst the daunting tech recession. In the US, 21% of companies opted to hire remote tech talents in India, LATAM, and East Asia, and reduced their cost by 17%. Businesses trim their workforce and decide on how many employees to retain and how many to lay off.