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The State of Play: 2024 (Ep. 9)
Gamecraft
The Dangers of 10% Layoffs and the Shift to Profitability
A 10% reduction in force leads to repeated layoffs and companies are under pressure to focus on profitability and healthy balance sheets. The shift from growth to profitability is causing a scramble for many companies, but it's also a healthy correction and cleanse of industry practices. The previous focus on growth due to zero interest rates led to bad behaviors, but the market has quickly shifted towards profitability.
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