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A layoff [1] or downsizing is the temporary suspension or permanent termination of employment of an employee or, more commonly, a group of employees (collective layoff) [2] for business reasons, such as personnel management or downsizing (reducing the size of) an organization.
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 ...
Electronic Arts announced Wednesday that it will cut 5% of its workforce, part of a plan that includes reducing office space and ending work on some video games.
(Reuters) -Salesforce is laying off about 700 employees, or roughly 1% of its global workforce, the Wall Street Journal reported on Friday, in the latest round of job cuts to hit the tech industry.
Employee attrition, employee turnover, and employee churn all refer to an employee quitting the job, and are often used as synonyms. For the first two terms, the difference is due to the context, i.e., the reasons for the employee leaving.
Here are the top 10 reasons they're leaving. The so-called "Great Resignation" has been led by workers quitting their jobs at an unprecedented clip. Here are the top 10 reasons they're leaving.
"Leaving a job with dignity is simply the right thing to do, for yourself, for the organization and others," says Megan Leasher, a talent management expert. What's more, people talk.
It can also be motivated by the strategic choice to change the age structure within the company. According to research, [ citation needed ] people who accept voluntary redundancy may at times return to the company after changes in the company's prospects, strategic vision, or economic climate and, in doing so, may bring new ideas.