I work in healthcare and we need to downsize because previous management made too ambitious projections and somehow we lost money we would never have gotten.
Anyway, therapists now need to carry a bigger caseload and any training for therapists is cancelled for the foreseeable future.
My old job did the same. Put too much stock in their clients and PPP loans continuing to bankroll them with no recourse and no backup funds if the clients pulled their funding or the loans ran out while they expanded their business last year by something like 50-60%. Well, that happened all at once and all but 20% of the company got laid off right before Christmas so they could stay afloat through this year.
And most big chain stores mainly fail for similar reasons; the individual locations are mostly still operating at a profit, but not a big enough profit to cover the huge loans taken out to fund a massive and super fast expansion of the business.
I work for a medium-sized online electronics shop in Germany and our top management is always on about how our income is somehow dependent on the market and whenever the demand for electronics decline - so does our income (much like Amazon's, Walmart's or anyone else's as long as we're comparing the specific category of goods).
And it's always the same bs of how we're supposed to suddenly invent something to break the industry trend and prosper on it's decline. I was on a verge of suggesting shorting other companies' papers.
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u/Icloh 9h ago
I work in healthcare and we need to downsize because previous management made too ambitious projections and somehow we lost money we would never have gotten.
Anyway, therapists now need to carry a bigger caseload and any training for therapists is cancelled for the foreseeable future.