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What a layoff is like (for both parties) | Learn English phrasal verb 'bulk up'
Plain English
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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