Layoffs

Description

This should be a discussion post, not an essay instructions: There are two camps when it comes to the subject of layoffs. One side insists that layoffs are necessary to keep a company alive. The other side argues that it damages company morale and makes the rehiring process slow down recovery. Which side do you think is correct and why? Give specific examples to backup your position — use APA citations and references. I want to take the side that layoffs are necessary to keep a company alive. Reasons for layoffs: -Firing older employees who do not innovate or underperform -Hiring younger employees who are up to date with current technologies, with different perspectives, -Firing employees to save money -Relocation -Buyouts -megers source: https://corporatefinanceinstitute.com/resources/careers/jobs/laid-off/#:~:text=In%20times%20of%20financial%20crisis,relocation%2C%20buyouts%2C%20and%20mergers