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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 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.
Firms announced 72,821 layoffs last month, down 4% from the 75,891 announced in August, which had been the highest since March, outplacement firm Challenger, Gray and Christmas said. That increase ...
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.
Sun Microsystems, Inc., often known as Sun for short, was an American technology company that existed from 1982 to 2010 [2] which developed and sold computers, computer components, software, and information technology services.
Firms announced 55,597 layoffs last month, down 23.7% from the 72,821 announced in September, outplacement firm Challenger, Gray and Christmas said. Layoffs would have been even lower last month ...
The mass layoffs at his companies earned him the nicknames "Chainsaw Al" [4] and "Rambo in Pinstripes", after he posed for a photo wearing an ammo belt across his chest. [5] It was later discovered that his reputed turnarounds were elaborate frauds and his career was ended after he engineered a massive accounting scandal at Sunbeam Products ...
The past year was a turning (and at times tipping) point in the white-collar workforce, which was rife with layoffs and return-to-office mandates. At the center of it all: the middle manager.