As job loss rises due to economic volatility and technological advancements, its impact reaches beyond financial insecurity, deeply affecting self-identity and purpose. Finding a new job is often fraught with emotional challenges, with individuals struggling to regain confidence. Support from family and community proves vital, as resilience alone isn't always sufficient. Organizations need to approach downsizing with empathy and clarity to avoid further harming those affected. Acknowledging the emotional toll and respecting employees throughout the process enables healthier transitions during these challenging times.
Redundancy can impact self-worth and identity, not just financial stability.
Emotional recovery from job loss varies and requires compassion and support networks.
Responsible downsizing respects people through empathy, transparency, and transitional help.
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