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The way layoffs affect the economy varies from the industry that is doing the layoffs and the size of the layoff. If an industry that employs a majority of a region (freight in the northeast for example) suffers and has to lay employees off, there will be mass unemployment in an economically rich area.
A less severe form of involuntary termination is often referred to as a layoff (also redundancy or being made redundant in British English). A layoff is usually not strictly related to personal performance but instead due to economic cycles or the company's need to restructure itself, the firm itself going out of business, or a change in the function of the employer (for example, a certain ...
The layoffs will eliminate 8.2% of its 8,000 customer service-related positions for a total of 656 employees, who are not represented by a union, according to Bloomberg.
Written by CareerBuilder for AOL Understanding the terms of leaving a job When asked why you left your last job, you only have one of two options to choose from: You left willingly or they forced ...
A furlough (/ ˈ f ɜːr l oʊ /; from Dutch: verlof, "leave of absence") is a temporary cessation of paid employment that is intended to address the special needs of a company or employer; these needs may be due to economic conditions that affect a specific employer, or to those prevailing in society as a whole.
(Reuters) -CVS Health said on Tuesday it would lay off about 2,900 employees, representing less than 1% of its workforce, as the healthcare conglomerate aims to cut costs.
A copywriter who was laid off nine months ago has given up their job search and moved home. They said the job market is gruelling.
Lionbridge was founded in 1996. [2] In 2005, they acquired Bowne Global Solutions, then the largest localization provider. [3] In 2014 they acquired Darwin Zone, a digital marketing services agency based in Costa Rica, [4] and Clay Tablet Technologies, a content connectivity software firm.