After the menacing Corona wave that inundated the entire world with health and economic crises, it is the recession wave that has started to rise.
There are some indications here. Already the world renowned companies are laying off their employees silently.
Bloomberg News reported that Intel Corp is planning a major reduction in headcount which may be around 25000. But the Intel Corp is tight lipped on this news which indicates the veracity in it.
When probed into the layoffs happening heralding a fearful recession, it is revealed that Meta (Facebook) is silently sending off many of their employees to home while Google has recently warned of job cuts, preparing the minds of its employees.
This is the indication of a huge recession wave which may conquer the world in the next few months.
In fact, as a butterfly effect the impact of recession will be felt all over the world. Though RBI claimed that there would be no impact of recession on India sometime ago, the employees losing their jobs in top MNCs will surely impact the housing market and other related businesses. The governments should find ways to combat the situation.
The individuals should be aware of this peril and prepare for the impact. Everything comes and goes, but we may not know how long the impact of recession would be in the world this time.
Hope It goes on with a short term effect.
