
layoffs during COVID-19 pandemic
During the COVID-19 pandemic, many businesses faced a sudden drop in customers and revenue due to health restrictions and reduced demand. To survive financially, some companies had to reduce their workforce, leading to layoffs. This means employees were temporarily or permanently let go because the company couldn't support their salaries or maintain operations. Layoffs were often a last resort to cut costs quickly and ensure the company's survival during uncertain times. While difficult for those affected, layoffs were a response to the economic challenges caused by the pandemic.