Introduction: In the ever-changing business landscape, organizations often face the challenge of implementing layoffs and downsizing to ensure long-term viability and sustainability. Being entrusted with this responsibility can be daunting and overwhelming as a manager. However, with the right approach…
An employee layoff is a temporary or permanent termination of employment by an employer where the employer reduces its workforce by terminating one or more employees. Typically, a layoff is initiated by the employer due to various reasons, such as…