Forbes says that, "The Recession Will Begin Late 2023 Or Early 2024"

First What happens during recession

Rising inflation rates and negative gross domestic product (GDP) data are leading many Americans to worry about another recession.

This might be a valid concern—since the U.S. economy appears to be slowing down after a moderate period of expansion.

In basic terms, a recession is when the economy’s performance decreases for an extended period of several months, marked by GDP contraction, higher unemployment rates and lower consumer spending.

"Recession is very likely in America’s future, but it will take its time arriving. Although we often want bad things to be done and over with, a long time to prepare will be valuable to those with foresight."- Forbes

A recession might be avoided, but that’s highly unlikely.

What can businesses do now to prepare for recession? 

The best first step is contingency planning. 

such as staff cuts, reductions in capital spending, tightening credit terms, and so forth.

Currently, from most of major companies it seems that they are cutting off 5-6% of their global workforce due to whether decline in sales or because of future expectation of Recession.

Most of employees, even experienced one was cutout. For such situations even when Google/Alphabet leads to layoffs, Sundar Pichai an CEO of Google/Alphabet says takes whole responsibility of cut-off.

He also apologies for that.

He said the layoffs reflect a “rigorous review" carried out by Google of its operations. The jobs being eliminated “cut across Alphabet, product areas, functions, levels and regions,” Mr. Pichai said. He said he was “deeply sorry” for the layoffs.

Sundar Pichai Note to staff :

"Please take good care of yourselves as you absorb this difficult news," Pichai said. "As part of that, if you are just starting your work day, please feel free to work from home today."