When firms lay off employees, they are:
A) treating employees as an intangible resource.
B) recognizing the reduced value of labor in the value chain.
C) eroding the organization's knowledge resources.
D) temporarily sacrificing a tangible asset that is easily replaced.

Question

Quizplus · Accepted Answer

Laying off employees can lead to a loss of organizational knowledge and skills, which are considered valuable knowledge resources.

When Firms Lay Off Employees, They Are