Recession Wave: Employees In MNCs Losing Jobs
The recession wave has begun to build after the ominous Corona wave, which engulfed the entire planet in health and economic issues. There are several hints in this. The most well-known firms in the world are already quietly terminating workers. According to Bloomberg News, Intel Corp. is considering a significant workforce cut of up to 25000 employees. However, Intel Corp. is keeping quiet about this report, which supports its credibility.
Investigating the layoffs that are taking place and signalling a terrifying recession reveals that Facebook's Meta is quietly sending off many of its staff to their homes, while google has lately issued a job reduction warning and helped its employees get ready for it. This is a sign of a massive recession tsunami that might sweep the globe in the coming months. In fact, the effects of the recession will be seen on a global scale, like a butterfly effect.
The employees who lose their employment at top MNCs will undoubtedly have an impact on the housing market and other related sectors, notwithstanding RBI's earlier declaration that there wouldn't be any effects of the crisis on India. The governments should come up with strategies to handle the problem. The people should be aware of this danger and ready themselves for its effects. Everything changes and passes away, but we might not be able to predict how long this recession will have an effect on the global economy. I hope it continues with a temporary impact.