Job Market Issue -
Rationale why companies cut people in the age of tariffs and inflation:
1. Companies are reluctant to pass increased costs to customers / consumers. Therefore, they need to slice costs to meet profitability goals as well as to meet Wall Street expectations (public companies).
The #1 cost that can be easily cut is labor, hence the extensive layoffs. Changes from the way companies evaluate their bottom lines, from a timing standpoint, would help alleviate mass layoffs.
Comments are encouraged.
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