Layoff refers to a temporary or permanent termination of employment by an employer. It typically occurs when a company needs to reduce its workforce due to financial difficulties, restructuring, or other reasons. Employees may be entitled to severance pay, unemployment benefits, and outplacement services when laid off.
Layoffs can be classified into different types
Duration:
Voluntariness:
Reason:
Here are some specific types of layoffs that are commonly used:
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