job losses

Job losses occur when individuals lose their employment, often due to economic shifts, technological changes, or company restructuring. These changes can reduce the need for certain roles or skills, leading to layoffs. External factors like recessions, industry decline, or outsourcing can also contribute. While job losses can be challenging, they sometimes create opportunities for workers to gain new skills or find roles better aligned with current market demands. Managing job losses involves support through retraining programs, social safety nets, and policies aimed at economic recovery and workforce resilience.