The pandemic lead companies to hire more employees to take advantage of Federal subsidies to keep employees working to prevent an economic crisis. When the pandemic employment subsidies ended the corporate wealth-fare stopped, companies started shedding employees hired and promoted to pad employment numbers and salaries to get more federal funding wealth-fare. That is why companies offered severances or laid off newly promoted non exempt supervisors and new hires or under performers because the profitable federal employment subsidies dried up.
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