Business leaders tend to use a number of euphemisms when announcing a layoff.Rightsizing, which in theory meansadjusting a company so that it is better able to make a profit, nearly always means laying off workers permanently.Downsizing is another termthat managers and directors use when redundanc...
Laid off versus fired versus furloughed versus quittingHow to cope with being laid offYou'll bounce backLosing your job is never welcome news. For most people, it's a traumatic and frightening experience. Even if it's a mass layoff due to industry shifts or a recession— reasons that don...
A layoff is generally intended to be permanent, althoughrehires are not unknown if a company backtracks on a decision. Afurloughis intended to be temporary and is usually due to a short-term production shutdown. Workers who have been furloughed may keep their job titles and employee benefits...
the perception of a severance package may dictate whether or not an employee is willing to ride it out with a company and risk a future layoff (knowing there
However, employers should examine the specifics of their state's labor laws since some states may mandate a severance package in the event of a large facility closing or mass layoff. Multi-state employers should take note of the requirements in each state where they operate to ensure ...
What Happened to the Employers Surveyed by the BLS Mass Layoff Statistics Program?Handwerker and Mason use data for all employers identified in the Mass Layoff Statistics...Handwerker, Elizabeth WeberU.S. Government Printing OfficeMonthly Labor Review...
The Science and Methodology Behind Social Engineering January 24, 2025 Phishing is the Top Security Threat For Smartphone Users Phishing attacks are the most common security issue for smartphone users, according to a new study by Omdia. The survey found that nearly a quarter ... ...
Is there a “right way” to lay off employees? From the employee perspective, impersonal and poorly communicated approaches to layoffs add insult to injury. “All we got was some generic corporate speech, probably written by a lawyer, speaking in very general terms about restructuring,” says ...
Downsizing is the process of reducing costs by reducing headcount. Jobs may be eliminated voluntarily, by offering employees abuyout, or involuntarily, through a layoff. Alternate names: layoff, reduction in force, rightsizing How Does Downsizing Work?
This is a sign that employers are hanging on to their workers. Some economists have speculated that employers are “hoarding” workers because they got burned with the labor shortages after their mass-layoffs during the pandemic when they couldn’t rehire the people that they’d let go. If tr...