Job Layoffs

Job layoffs refer to the termination of employees from their positions, typically due to organizational decisions such as cost reduction, restructuring, or downsizing. Layoffs can occur for various reasons, including economic downturns, reduced demand for products or services, company mergers and acquisitions, or shifts in business strategy. Unlike terminations for cause, layoffs are typically not a reflection of an employee's performance but rather a necessary action taken by employers to manage workforce levels and operational efficiency. Employees affected by layoffs may receive severance packages, outplacement support, and assistance in finding new employment opportunities. Layoffs can significantly impact employee morale, job security, and local economies.