Layoffs
Layoffs used to mean a temporary reduction in force to adjust to seasonal business patterns. While the numbers of euphemisms used to describe this job loss have grown to include downsizing, rightsizing, excess reduction, delayering, smartsizing, redeployment, workforce reduction, workforce optimization, and RIF, the emotional and financial pain of … Keep Reading → being fired from a job remains. Fortunately, many laid-off workers qualify for unemployment compensation in addition to the severance package offered by the business. While the recent economic slowdown has resulted in layoffs in the financial sector, retail industry, real estate markets and housing industry, outsourcing of jobs to Asia and Latin America has resulted in many workforce reductions in the manufacturing industry. Get some hints for surviving a layoff from this Hub.
