| Big Three Not Good Corporate Citizen due Layoff Practice A lot of companies now are not being good Corporate Citizens, ie being responsible for the good of the community. By laying off people, even though the company is not in dire financial strain, companies are contributing more in more to the great financial woes of the world. It is a domino effect. It is understandable to layoff people when the company is heading towards bankcruptcy. But, more and more companies are taking advantage of the current economic situation by hiding their corrupt and unfair practices under the guise of layoff due to financial reasons. Companies should struggle to keep as many of their present employees in the payroll to boost the economy of the country. By laying off people, more and more people will be unemployed, less and less money will circulate in the country, forcing other companies to layoff more in more people. Left uncontrolled the country and the world will head to deeper and deeper recession and eventually to worldwide depression. Governments should encourage companies to hold on to their employees and be good corporate citizens. Even better by hiring more people. |
