A Layoff is a temporary or permanent termination of employment due to business reasons, such as economic downturns or restructuring, not due to employee performance.
- What is a layoff?
Answer: It is a termination due to business reasons, not performance. - What are common causes?
Answer: Causes include cost-cutting, mergers, or market changes. - What are employee rights?
Answer: Rights include notice under WARN Act (if applicable) and severance. - What are the employer implications?
Answer: It affects morale, reputation, and future hiring. - How does HR handle it?
Answer: HR plans layoffs, communicates, and provides support.
