Job Losses

Job losses refer to the reduction in employment opportunities within a particular sector, company, or economy as a whole. This often results from economic downturns, corporate restructuring, or technological advancements that render certain roles obsolete. While job losses can negatively impact individuals and their families, they can also signal shifts within industries and markets, prompting the need for workforce reskilling and adaptation. Understanding job losses is crucial for policymakers, businesses, and workers themselves to navigate the changing employment landscape and to mitigate the adverse effects on the affected individuals and communities.