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Layoff (view source)

Revision as of 17:14, October 2, 2025

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A '''layoff''' is the termination of employment of many workers at a company, typically due to financial difficulties or merely to increase profits.
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A '''layoff''', although under [[union]] rules was once a mere temporary of workers due to economic conditions, by the 21st century it has become the termination of employment of many workers at a company or the federal government. The reason is typically due to financial difficulties or (other than the government) merely to increase profits.
    
Many layoffs nationwide can be a sign of an economic downturn or [[recession]].
 
Many layoffs nationwide can be a sign of an economic downturn or [[recession]].
 
[[category:economics]]
 
[[category:economics]]
 
[[category:finance]]
 
[[category:finance]]
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