You may not realize it, but corporate layoffs can create a significant ripple effect that impacts not only the employees who lose their jobs but also the broader economic landscape, especially for the poor and middle class. When large companies downsize, the consequences stretch far beyond the corporate walls, affecting local businesses, reducing household incomes, and straining social services. In this blog post, we will explore how these layoffs create a chain reaction that can destabilize communities and perpetuate cycles of poverty, ultimately affecting you and your economic circumstances more than you might expect.Key Takeaways: Increased Financial Instability: Layoffs often…