Job losses go beyond financial hardship, impacting individuals' pride, sense of purpose, and social connections, with older workers facing particular challenges in re-entering the workforce.

A wave of mass layoffs across various industries in Australia is being framed as cost-cutting, but these layoffs carry significant hidden social and economic costs.

Community vitality suffers as local shops see reduced activity, social clubs experience declines, and families move away, leading to diminished community engagement.

Widespread unemployment increases reliance on government support, strains health services, and contributes to widespread mental health issues.

The ripple effects of job losses extend into families, causing stress, tighter household budgets, difficult conversations, and strained relationships.

Remaining employees often experience survivor’s guilt and decreased trust in management, which can undermine workplace morale and cohesion.

While the number of jobs lost can be quantified, the emotional, social, and community impacts are less visible but equally damaging.