What does this mean for the future of Riot Games, and how did it come to this? Not even Riot could fight the cold Legends of Runeterra is one major project that will face huge cuts. Image via Riot Games The state of the gaming industry is telling when a company of Riot’s size has...
Losing grants that covered employee salaries Downsizing the number of staff due to a reduced workload What does being fired mean?Being fired is when an employee is terminated for reasons within their control, such as misconduct, unsatisfactory performance on the job or not complying with company ...
Does restructuring mean layoffs? A "layoff" is an action by an employer to terminate employees for lack of work. ... A "downsizing" simply means releasing employees because the operation no longer needs them;reorganization or restructuring of the institution has eliminated jobs. How can restructu...
Downsizing and rightsizing often have the same meaning.While downsizing always means reducingthe size of the workforce, rightsizing means adjusting the company’s size so that it is better able to make a profit. In theory, rightsizing could mean increasing the workforce,but nearly always refers to...
Definition: Economic depression is a time period when the economy slows down and there is widespread unemployment, lack of investments and scarce demand for consumer goods.What Does Economic Depression Mean? Contents [show] What is the definition of economic depression? During a phase of economic ...
Editors' Picks Related Articles What Are the Different Methods of Corporate Downsizing? What Does "Ex Gratia" Mean? What is a Compromise Agreement? What is Severance Pay? Discussion Comments WiseGeek, in your inbox Our latest articles, guides, and more, delivered daily. ...
other management can be laid off. Producing the products, however, might bring incremental costs because of the downsizing. The management must look at the additional cost of producing the products under one roof. This could mean more deliveries from vendors or even more training costs for ...
How to find a company’s financial solvency Viability vs. solvency What happens if a company is not financially solvent? We can help Every business needs to have solvency, or it’s game over very quickly, but just what does that mean in practical terms? Explore everything you need to know...
Layoffs and Downsizing In alayoff, employees are usually let go through no fault of their own, unlike workers who are fired. Companies often decide to lay off workers ordownsizetheir organizations to lower their operating costs,restructuretheir organizations, or because they no longer need an empl...
Employee attrition refers to the deliberate downsizing of a company's workforce. Downsizing happens when employees resign or retire. This type of reduction in staff is called ahiring freeze. It is one way a company can decreaselabor costswithout the disruption of layoffs. ...