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During times of crisis, many companies are forced to cut costs drastically, resulting in mass layoffs and hiring freezes. If the company isn't making money (or worse, is losing money), it can't afford to keep paying all of its employees.

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Whispers about a possible recession have been in the air for a few years, but those whispers grew a lot louder recently with many economists highlighting various economic indicators pointing towards a possible recession in the immediate future.

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