How did the shrinking economy lead to increased layoffs of workers in the great depression?

During the Great Depression, there was a severe worldwide depression of the economy. Due to this, companies are shrinking which led to a decrease in profit, and the decrease of profit led to the laying off of the workers or employees. Lay off means to suspend or to terminate. Hope this answer helps. Thanks for posting!

bruh, bc they were cheaper and more effective than hiring workers.

Explanation: