<ul><li>Financial Pressures: Layoffs occur during financial crises to cut costs and boost profitability.</li><li>Mergers/Buyouts: Restructuring post-merger leads to layoffs as roles and departments are reshaped.</li><li>Employee Redundancies: Job changes, overstaffing, or automation result in layoffs to streamline operations.</li><li>Relocation: Companies move for cost-saving reasons, often hiring locally while downsizing elsewhere.</li><li>Outsourcing: Jobs are sent abroad for cheaper labor, impacting domestic employment.</li><li>Corporate Practices: Unethical practices like overworking employees or exploiting labor laws for cost-saving measures can lead to layoffs or hiring freezes.</li></ul>

What are the big reasons for layoffs by global companies?

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