The business community has been facing a hardcore and sophisticated market environment in the recent years. As the overall economy swings down, majority of firms try end up is make an effort to cut some costs and increase earnings to survive in the market for long-period. One of the best ways to slice cost is through lowering staff and layoff jobs. The removal of jobs will certainly reduce some expenses like salary expenditures, payroll costs as well as recruiting costs and so on. resulting in increase additional funds for any potential investment that the firm could face to upturn profit. Likely firms might use such strategy like minimizing personnel and facing no legal action or coverage violation, which contributes to presents many honest problems between stakeholders and businesses (Baston, Blake & Neff, 2007).
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