Job loss refers to the situation where an individual loses their employment or is laid off from their job. This can happen due to various reasons such as downsizing, restructuring, economic slowdown, or other factors that affect a company's financial stability and force them to reduce their workforce. Job loss can have significant emotional, psychological, and financial impact on the affected individual and their family. It may lead to stress, anxiety, depression, and difficulty in meeting daily expenses. However, it also presents an opportunity for career transition or exploring new job opportunities that match one's skills and interests.