Community reaction to job cuts
1 November 2012 Last updated at 22:07 GMT
This week it was announced 3,000 jobs could be axed at the Swiss Bank UBS in London - and last week, it was revealed that hundreds of jobs were under threat at the Ford factory in Dagenham.
So what happens when a major employer in an area announces cuts - how does the local community carry on?
BBC London reporter Sonja Jessup went to find out.