Economic contraction analysis: Does the company need to recruit employees or lay off employees?

The economic contraction analysis company needs to lay off employees. When the economy is tight, the company's recruitment strategy will be affected. Due to the decrease in market demand, the company will decide to suspend or reduce the recruitment of new employees to reduce labor costs and cope with market uncertainty. The management team of a company usually makes a comprehensive analysis, considering the market prospect, financial situation, business needs and employee welfare, so as to make appropriate decisions.