10 Common Reasons People Get Fired

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5. Companies Fail

Perhaps the biggest reason that people lose their jobs is that the companies they work for close down and go out of business. That’s particularly true of businesses that are brand new or that have inexperienced owners. If you want sustained job security, do your homework to ensure that the company you are going to work for has smart management, strong financial backing, and is already well-established and successful. Otherwise you could be risking job loss in today’s highly competitive business world, where only the companies with intelligent and sustainable business plans thrive.

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