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In coming global recession, job cuts won't mean mass layoffs: Report

This time around, workers have a better-than-usual shot at holding onto their jobs if recession arrives

Unemployment, jobs, economy, people
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The jobless rate in major developed economies, at 4.4 per cent in September, is the lowest since the early 1980s

Bloomberg
The global economy is stuttering, and some of the world’s biggest names are already laying off thousands of employees. But there’s a glimmer of good news: This time around, workers have a better-than-usual shot at holding onto their jobs if recession arrives.

Almost three years after Covid-19 hit, companies around the world still complain that they can’t get the talent they need. They worry about labour shortages that will likely last beyond not just the pandemic, but the next downturn too. Deeper forces, such as changes in population and immigration, are shrinking the pool of workers they can hire from. All

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First Published: Nov 29 2022 | 12:18 AM IST

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