European companies are undergoing a restructuring process to reduce costs due to a weakening economy, increasing competition, and declining demand. During this process, many firms are halting hiring and accelerating layoffs. In particular, the increasing competition in the Asian market, especially with China, is emerging as a significant factor affecting the profitability of many companies in Europe.

The ongoing Russia-Ukraine War is further complicating the economic situation by creating uncertainties in Europe's energy and material supply chains. This situation is causing weak demand across many sectors. For instance, there is a noticeable drop in consumer spending in areas such as automotive, retail, and technology.

Additionally, the customs tariffs imposed by the United States are making trade conditions even more complex for many companies in Europe. This situation is increasing companies' costs, making workforce reduction decisions even more inevitable.

Moreover, artificial intelligence and other technological developments are changing how firms operate, reducing the need for human labor. This trend is not only leading to an increase in layoffs across many sectors in Europe but also transforming existing labor dynamics.

As a result of all these factors, the unemployment of thousands of workers across Europe has become inevitable. Financial analysts express their concerns about how this situation will affect both economic growth and work life. Experts indicate that while layoffs may worsen the situation in the short term, they could allow companies to restructure on more solid foundations in the long term.