Home / news / Over a thousand Brazilian companies of different sizes have adhered to the #nãodemita (#donotfire) manifesto in only 24 hours so that companies wont fire employees amid economic crisis.

Over a thousand Brazilian companies of different sizes have adhered to the #nãodemita (#donotfire) manifesto in only 24 hours so that companies wont fire employees amid economic crisis.

Over a thousand Brazilian companies of different sizes have adhered to the #nãodemita (#donotfire) manifesto in only 24 hours so that companies wont fire employees amid economic crisis.

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2 comments

  1. Well, here in the good ol’ USA, companies are just beginning what is going to be a MAJOR round of layoffs, firings, and furloughs. The economy is dead. They can’t keep paying people for what everyone knows is going to be more than another month of quarantine.

    When the quarantine is lifted, a LOT of companies will have gone under. They will have made the decision to go under now vs spending months in stagnancy and paying employees until they are far into debt. They would be better-off, from their viewpoint, to go under now while there still are some assets to sell, and then try to re-open when all this has passed. The only companies which can survive otherwise are the “essential” businesses and major corporations which can scale-back dramatically.

    So lots of unemployed citizens.

    When the world re-opens, two things will happen: These new companies will start over again, under a new incorporation, and they will hire new people. Since jobs will be in very high demand, wages will be way down. So…why should they continue paying a 20-year employee top dollar when they can get 3 new hires for the same price? They’re going to have to cash those people out.

    We need to look at this as pre-COVID and post-COVID economies. Businesses will have to do a major shuffle of employees to cope with it if they want to stay in business.

    It would be nice if companies could keep their loyalty to employees, but when has that ever really happened in the USA?

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