Layoffs: Causes, Impact, Trends, and How to Navigate Job Uncertainty
In today’s rapidly evolving economy, layoffs have become a common reality across industries. Once associated mainly with economic recessions, layoffs are now happening even during periods of technological growth and corporate profitability. From small businesses to global corporations, workforce reductions are reshaping the employment landscape and forcing professionals to rethink job security. Understanding layoffs, why they occur, and how they affect individuals and organizations is essential for employees, employers, and policymakers alike. What Are Layoffs? Layoffs refer to the termination of employees due to business-related reasons rather than individual performance. These reasons may include cost-cutting, restructuring, automation, mergers, or declining … Read more