Layoffs can be defined as:

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Layoffs refer to the separation of employees from the organization for economic or business reasons, usually due to factors such as budget cuts or a decrease in demand for the company's products or services. This is different from attrition, which is a natural reduction in the workforce due to retirement or resignations, and termination, which is the dismissal of an employee due to performance or behavioral issues. Outplacement refers to a service provided by some companies to help laid-off employees find new employment opportunities. Hiring on a temporary basis is also not the same as layoffs, as it implies a short-term employment arrangement rather than a permanent separation from the company.

Layoffs Can Be Defined As