Job Reductions

Job reductions happen when a company decides to decrease its workforce, often due to financial struggles, changes in the market, or automation. This means employees may be laid off or their hours reduced. The goal is typically to cut costs or reorganize operations to improve the company's financial health. Job reductions can be temporary or permanent and can impact individual employees or entire departments. While challenging, these steps are sometimes necessary for a company's long-term survival and competitiveness.