The changes mentioned are forcing affected
Posted: Sun Jan 05, 2025 7:49 am
In today's economic climate, a trend has emerged that says profitability is more important than growth. Companies that want to be successful in the long term are now increasingly focusing on profitability rather than solely on growth.
The economic situation has changed in recent years due to many drastic events. The nursing homes email list Corona pandemic caused a slump in retail, especially in 2020 and 2021, through measures such as lockdowns. Other areas, especially online retail, have benefited from the Corona crisis. For the manufacturing industry, the pandemic often meant supply bottlenecks due to the disruption of global supply chains. The war in Ukraine has caused sharp cuts since the beginning of 2022. The Russia sanctions have led to a slump in business with Russia and are forcing companies to look for new sales markets and trading partners. In addition, the largely suspended oil and gas deliveries have caused energy costs in Europe to rise significantly. This poses a problem for energy-intensive companies despite the government's gas price cap.
layoffs at all levels
companies to adapt. This includes restructuring energy sources, production and sales markets, but also short-time work and layoffs. Google has cut 12,000 jobs and other tech companies have followed suit. In Germany, Fielmann is planning to cut several hundred jobs, Otto wants to lay off 700 employees, and Siemens around 7,000 worldwide. Nevertheless, the labor market in Germany is stable. There has only been a slight increase in unemployment due to increased immigration and the wave of refugees from Ukraine. Due to the shortage of skilled workers, many companies are trying to retain qualified workers even in difficult times.
The economic situation has changed in recent years due to many drastic events. The nursing homes email list Corona pandemic caused a slump in retail, especially in 2020 and 2021, through measures such as lockdowns. Other areas, especially online retail, have benefited from the Corona crisis. For the manufacturing industry, the pandemic often meant supply bottlenecks due to the disruption of global supply chains. The war in Ukraine has caused sharp cuts since the beginning of 2022. The Russia sanctions have led to a slump in business with Russia and are forcing companies to look for new sales markets and trading partners. In addition, the largely suspended oil and gas deliveries have caused energy costs in Europe to rise significantly. This poses a problem for energy-intensive companies despite the government's gas price cap.
layoffs at all levels
companies to adapt. This includes restructuring energy sources, production and sales markets, but also short-time work and layoffs. Google has cut 12,000 jobs and other tech companies have followed suit. In Germany, Fielmann is planning to cut several hundred jobs, Otto wants to lay off 700 employees, and Siemens around 7,000 worldwide. Nevertheless, the labor market in Germany is stable. There has only been a slight increase in unemployment due to increased immigration and the wave of refugees from Ukraine. Due to the shortage of skilled workers, many companies are trying to retain qualified workers even in difficult times.