Companies have layoffs all the time, not just in downturns. Microsoft laid off 14,000 employees in 2014, at a time when the economy was red hot, especially in tech. It’s just that layoffs in downturns have a greater impact on people’s livelihoods (because it’s not as easy for them to find new employment) so they get additional attention.
Companies have layoffs all the time, not just in downturns. Microsoft laid off 14,000 employees in 2014, at a time when the economy was red hot, especially in tech. It’s just that layoffs in downturns have a greater impact on people’s livelihoods (because it’s not as easy for them to find new employment) so they get additional attention.