Retrenchment of employees: Big companies like Amazon, Google and Facebook retrenched around 80,000 l

Retrenchment of employees: Big companies like Amazon, Google and Facebook retrenched around 80,000 large number of Indian employees, know what is the reason for this.

 Companies like the world's big truck companies like Amazon Google Facebook have fired about 12000 employees. Google's case has been more eye-catching than the retrenchment done since last year.

 Meta Company fired 11000 employees.

 The company's CEO Mark Zuckerberg said that the company is going through difficult times at the moment. The income that it earned at the time of Kovid, after that the company has decreased when the market is open, in such a situation, the company has been under compulsion. 11000 employees were dismissed from their jobs.

 Amazon fired 18000 employees.

 There has been a 50% increase in the layoffs of employees after 2022. 50% people have been laid off, after Twitter and Facebook, Amazon is the third largest company which laid off 18,000 employees, out of which 100,000 are Indians. Apple company has also banned the recruitment of new employees. This will not have a big impact on Google, but there may be a decline in the profession of advertising.

 What was the reason for such big companies to lay off such a large number of employees?

 1. Mark Zuckerberg, CEO of Mass Hiring Meta during Kovid-19, the reason for the increased retrenchment of employees was to provide online meeting, classes, shopping all the necessary items online during Kovid. But it was estimated at that time that this demand would continue in the future, but due to the decrease in digital advertising, the company had to suffer a lot due to which it was forced to retrench.

2. If we talk about the level of World Bank and World Economy, then it has continuously declined globally, according to a research, 90% startups had failed in 2022, the reason for their failure was the huge reduction in capital and investors.

 3. Any startup or company first of all needs funds to grow the business. After getting the funds, the profit that is generated from it, the investor has to make returns. Due to the low demand at present, the returns have decreased. , due to which the company had to lay off a large number of its employees.

 4. This high inflation rate due to global recession like pandemic and russia ukraine war it has direct impact on economy and will lead to recession in market. If we look at the recession in the market, the employees of many companies were retrenched, the ups and downs in the global recession have come due to demand and supply.

 When the demand for food grains, medicines and other goods increases in the market and inflation also increases. This has a direct impact on the fluctuations in the global market, due to which the consumer gets an item worth ₹ 10 for ₹ 50. In such a situation, the decrease in the value of money also reduces the spending capacity of the people.

 In such a situation, RBI increases the repo rate. Repo rate means the rate at which RBI gives loans to other banks, when this repo rate increases, companies face problems in expanding their business, so the company can get more net profit and to maintain its budget, it has to hire unwanted employees. Gets fired from the company.