Difference between revisions of "Layoff"
Jump to navigation
Jump to search
(Many layoffs nationwide can be a sign of an economic downturn or recession.) |
(improved) |
||
| Line 1: | Line 1: | ||
| − | A '''layoff''' | + | 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]] | ||
Revision as of 17:14, October 2, 2025
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.