Impacts of job cuts on employees’ livelihoods

Job cuts have severe effects on employees' lives, causing financial insecurity and emotional distress. With sudden layoffs, families struggle to make ends meet, facing uncertainty about their future. Many experience feelings of anxiety, fear, and hopelessness, impacting their mental well-being. The loss of a job can lead to a sense of loss of identity and purpose, further affecting an individual's self-esteem. Coping with the aftermath of job cuts requires resilience and support from loved ones and community resources. Employers must consider the human impact of layoffs and provide assistance to affected employees during these challenging times.
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