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Layoff competition going on among many businesses. San Francisco-based shipping company Flexport was doing well for two years, but now it has cut 20% of its employees due to the slowdown.
Could this lay down of Flexport be as a result of global economic downturn?. Many businesses are just recovering from the effects of lock down experiences from covid19.
We should not be surprised by the number of layoffs that we would experience presently basically because there is economic meltdown in the world presently and there are lots of companies laying off.
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