Adapting organizational culture during an economic downturn

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For the first time in history a health care crisis has shut down the global economy, which, the UN suggests, puts as many as half a billion jobs at risk worldwide. In attempts to mitigate the impact of the economic downturn and prevent mass layoffs, countries all over the world are utilizing different forms of support schemes to subsidize employee wages. 

Australia, for example, offers wage subsidies for employees of businesses that are experiencing a substantial decline in revenue connected to the pandemic. In the US, employees who have been furloughed have been made eligible

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