Layoffs & Profit Margins

Ever wonder why companies keep laying off employees despite raking in record profits? Well, it all boils down to one thing: profit margins. Let's break it down.

Profit margins basically show how much cash a company pockets from its products or services after covering all the costs. During the growth phase, companies splurge on top talent to fuel expansion. But once they're successful, it's all about cutting costs to boost those margins – cue the layoffs.

And guess who's often first in line to get the boot? Yup, the top talent they once wooed with fat paychecks. It's a harsh reality check, folks.

But here's the kicker, these companies will probably start rehiring soon, but with a twist. They'll go for younger, cheaper talent to keep those profit margins looking pretty.

Bottom line? Most businesses are all about pleasing shareholders, not you.

So, remember to look out for numero uno. Set those boundaries, take care of yourself, and don't let anyone dull your shine. Your career is yours to own – make it count. Stay savvy...

Eva Esi Essandoh