0
"Layoffs" are the temporary or permanent release of employees from a company due to downsizing or restructuring or other business reason, as opposed to discipline or individual terminations. Originally, "layoffs" were temporary, to reduce the labor expense during periods of low sales or lagging profits. Often the employees would be re-activated or rehired preferentially before any new employees. However, the term is now generally applied (as a euphemism for 'firings') to any mass reduction in the labor force of a company or industry, even permanent ones.
Wiki User
∙ 15y ago
Wiki User
∙ 13y agoEmployee layoff is when business is not good enough to afford to keep an employee or employees on the payroll they are "let go" or terminated from their jobs. The difference between being layed off and being fired is when you are layed off, the employers may soon or in the future call you back to your job if business improves.
Wiki User
∙ 15y ago"A dismissal of employees because of lack of work to be done. " "A period of unemployment, a time during which employees are out of work."
Add your answer:
Earn +20 pts
When are Avis Budget Group Layoffs?
''When are Avis Budget group Layoffs?
Will you face layoffs in registered nursing?
In today's world, it is not likely you will ever face layoffs as a RN.
What actors and actresses appeared in Layoffs - 2008?
The cast of Layoffs - 2008 includes: Tiffany Current as Jane
Was there recent layoffs at Bartlett Dairy Inc?
Was there recent layoffs at Bartlett Dairy Inc in Jamaica, New York?
Can you ask your employer if there will be more layoffs?
yep you can
Why did workers dread layoff?
No work, no money that is what layoffs do.
When will layoffs at Blue Cross and Blue Shield of Alabama happen?
They are calling the layoffs early retirements, however they are forcing these early retirements, and they already are happening to 20 year employees.
Did The Coca Cola Company give out warnings of layoffs if Obama is reelected?
No
Workers dreaded layoffs because they had no unemployment insurance.?
True(OW)
Do you share Toyota vision that all workers should sacrifice in order to avoid layoffs for permanent workers?
Do you share Toyota's vision that all workers should sacrifice in order to avoid layoffs for permanent workers
Is there a certain age that you are safe from layoffs in Illinois?
No, that would be considered age discrimination.
What rhymes with playoffs?
Only 2 words rhyme with playoffs: layoffs payoffs
