What a layoff is like (for both parties) | Learn English phrasal verb 'bulk up'
Plain English
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Layoffs Are No Fun for Companies
Many companies bulked up during the pandemic, expecting demand for their products to continue to increase. But after the pandemic-fueled demand started to slow, there wasn't enough money to justify so many workers. A company might also lay off workers if there are a lot of people working but the work they're doing is not necessary or the projects they're working on have been cancelled. When profits are squeezed, people doing non-essential jobs are at risk. And when companies don't need to hire many new workers, then recruiters are often let go too.
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