Losing a job refers to the situation when an individual is no longer employed by their company. This can happen for various reasons, such as company downsizing, poor performance, or changes in management. The impact of losing a job can be significant, affecting not only the individual's financial stability but also their emotional well-being. When someone loses a job, they may need to seek new employment opportunities. This process often involves updating their resume, networking with contacts, and applying for new positions. Support systems, such as family and friends, can play a crucial role in helping individuals cope during this challenging time.