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Layoff is the temporary suspension or permanent termination of employment of an employee or (more commonly) a group of employees for business reasons, such as the decision that certain positions are no longer necessary or a business slow-down or interruption in work. Originally the term "layoff" referred exclusively to a temporary interruption in work, as when factory work cyclically falls off. However, the term has also applied to the permanent elimination of positions as a cost-cutting measure (or for other reasons).

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Wikipedia About Downsizing

Layoff is the temporary suspension or permanent termination of employment of an employee or (more commonly) a group of employees for business reasons, such as the decision that certain positions are no longer necessary or a business slow-down or interruption in work. Originally the term "layoff" referred exclusively to a temporary interruption in work, as when factory work cyclically falls off. However, the term has also applied to the permanent elimination of positions as a cost-cutting measure (or for other reasons).

Further euphemisms are often used to "soften the blow" in the process of firing and being fired, including downsize, rightsize, smartsize, workforce reduction or workforce optimization, simplification and reduction in force (also called a "RIF", especially in the government employment sector). Mass layoff implies laying off a large number of workers. Attrition implies that positions will be eliminated as workers quit or retire. Early retirement means workers may quit now yet still remain eligible for their retirement benefits later. While redundancy is a specific legal term in UK employment law, it may be perceived as obfuscation. Firings imply misconduct or failure while lay-offs imply economic forces beyond ones control.

Reasoning

A lay-off is typically driven by one of several forces. In the first case, the goal is to decrease a company's labor cost. Typically the reasoning is that the company will be able to generate the same gross revenues in the future with a smaller number of workers: if the company's revenues do indeed stay constant while labor costs go down, then profit will increase. Additionally, some layoffs occur when management believes that revenue is forecast to go down: by reducing labor costs, companies can maintain profitability despite reduced sales. Enterprises with seasonal sales (ski resorts) or production (temperate forest logging) deal with lay-offs as a matter of normal business operations. Sometimes layoffs are a result of a company moving away from one skill set and toward another. Workers who cannot be retrained or do not wish to be retrainied are let go so that others with the desired skills can be hired in their place.

United Kingdom

It's important to distinguish the term "layoff" from redundancy in terms of UK employment law. The normal lay person's understanding of the term "layoff" is that one has been made redundant, i.e. that one has been dismissed. This isn't technically correct. Being "laid off" just means being sent home without pay or work. This doesn't mean one has been dismissed. Being laid off doesn't preclude a return to work when business picks up under exactly the same terms and conditions as before.

Search results for Downsizing

Downsizing Dilemma (8/1/96) -- www.GovernmentExecutive.com

When faced with eliminating jobs, how can managers find a balance between helping displaced workers with outplacement services and getting the agency's work done?www.govexec.com/reinvent/downsize/0896s3.htm

Humax Articles - How to Survive Downsizing

BLOODLETTING and downsizing have a lot in common. ... Today, downsizing continues to be the fashionable treatment, despite evidence ...www.humax.net/econ.html

Bain & Company : Management Tools - The tools - Downsizing

In the face of slowing or declining sales, companies often Downsize their employee base as a means of cutting costs to boost profitability.www.bain.com/management_tools/tools_downsizing.asp?groupcode...

Downside of downsizing

Findings suggest that downsizing is a common practice within the sample of ... Downsizing is currently a popular topic in both the mainstream and academic literature. ...www1.appstate.edu/dept/ps-cj/vitadownsize.html

Managing Layoffs or Downsizing - How to guides from Work.com

How to Guides for your business. Ease the pain of employee layoffs with strong preparation and follow-up. Work.com, What answers does your small business need today?www.work.com/managing-layoffs-or-downsizing-464/

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News about Downsizing

Whitehaven News

The Whitehaven NewsThe downsizing report will be presented to the hospitals’ trust board and then the county council’s overview and scrutiny committee, before being shared more widely.http://www.whitehaven-news.co.uk/news/1.251763

Del. drug research lab Adesis expands

The News JournalThe stock market is sliding, the credit crunch isn't budging and the economic horizon seems to ominously threaten more layoffs and downsizing.http://www.delawareonline.com/article/20081011/BUSINESS/8101...

Job Advice During Tough Economic Times

WQOW Eau ClaireTough economic times are forcing companies to look for ways to cut costs and sometimes that means downsizing employees.http://www.wqow.com/global/story.asp?s=9160645

G.M. Said to Seek Merger With Ford Before Chrysler

New York TimesG.M. executives are said to have approached Ford about a merger in July, but Ford rejected the idea.http://www.nytimes.com/2008/10/12/business/12auto.html?em

Swiss savers flock to 'safe' regional and private banks

AFP via Yahoo! News There is a buzz these days at the usually tranquil Paradeplatz headquarters of Zuercher Kantonalbank, where flocks of people were crowding in.http://news.yahoo.com/s/afp/20081012/bs_afp/financebankingsw...

News about Downsizing

The best of intentions go bust

Guardian UnlimitedBut, either way, there will be downsizing. Foreign central banks are suffering capital losses on their unthinking investments. As they absorb their losses on US Treasury and agency securities, capital flows toward the US will diminish. The US current ... http://www.guardian.co.uk/commentisfree/cifamerica/2008/oct/...

Golden Eagle Farm purchases Stormin Fever

Thoroughbred TimesEver since Golden Eagle started their downsizing in 2007, our motto has been quality over quantity,” Golden Eagle General Manager Janine McCullough said. “Stormin Fever is the strongest Storm Cat stallion to ever be moved to California, with ... http://www.thoroughbredtimes.com/sales-news/2008/October/02/...

United Way CEO steps down, downsizing announced

Rockford Register-StarUnited Way Chief Executive Officer Michael Call resigned this week in the midst of a sour economy that’s forcing the charitable organization to downsize. In a news release, the United Way of Rock River Valley announced it will restructure the ... http://www.rrstar.com/news/x459462059/United-Way-CEO-steps-d...

HSC Edit for Aperture adds photo resizing

Mac Central ... set is a photo resizing plug-in that lets you crop upsize or downsize a part of an image or a whole image. You can save and recall your settings on any image. The plug-in uses multiple algorithms to produce optimal quality whether you're downsizing or ... http://www.macworld.com/article/135868/2008/10/edit.html

Only 20 percent of area schools meet AYP goal

Spartanburg Herald-JournalWith us downsizing, it happened to be the year that the percentage went up for children scoring proficient. We were so determined because we have felt so deflated - working as hard as we have and not being able to say that we've made AYP and trying ... http://www.goupstate.com/article/20081002/NEWS/810020389/108...

Search results for Downsizing

downsizing Definition

downsizing - definition of downsizing - Reducing the total number of employees at a company through terminations, retirements, or spinoffs.http://www.investorwords.com/1571/downsizing.html

downsizing - Definitions from Dictionary.com

verb (used with object) 1. to design or manufacture a smaller version or type of: The automotive industry downsized its cars for improved fuel economy.http://dictionary.reference.com/search?q=downsizing&r=66

Downsizing and Layoff Strategies: Minimize Negative Impact on ...

Your organization is either thinking about or has initiated layoffs, downsizing, rightsizing, staff cuts, or managed redundancy. Whatever you call it, these strategies for layoffs ... http://humanresources.about.com/od/layoffsdownsizing/Downsiz...

Downsizing ( Layoffs and Job Cuts) Definition

Read a description of Downsizing. This is also known as Layoffs and Job Cuts. Free detailed reports on Downsizing are also available.http://www.bitpipe.com/tlist/Downsizing.html

Downsizing definition |Dictionary.com

Sponsored Links Seniors Real Estate Info Downsizing? Active Adult Community? 2nd Home? Vacation Property? SeniorAbode.comhttp://dictionary.reference.com/search?q=Downsizing&db=*
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Downsizing... To 84 Square Feet?

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Iowans Downsize RVs As Fuel Prices ...

Iowans Downsize RVs As Fuel Prices JumpKatie Piper: Some Iowans are downsizing their RVs as fuel prices go up, others are just ignoring the price hike.Windows Media - Video

Downsizing Corporate America

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Left in Silence - Outtakes and Rand...

Left in Silence - Outtakes and Randomness - Part 3final part of the outtakes Because of the craptacular nature of windows movie maker lately during my file downsizing here is what the last few slides actually say - Thank you to...Flash - Video

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Afterlife Crisis Steve Mayfield Book TrailerDownsized manager Frank Moon dies and is whisked away to an afterlife. There, Frank learns about human warmth and is asked to return to earth to use it. With this story of...Windows Media - Video

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rapidresponse34.ramDownsizing What is Rapid Response and how can it help? Watch Video One example of how Customized Training can help avert layoffs. Watch Videorealmedia: 0 MB w:240px - h:180px

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play.asxGM slims down to lift profits VIDEO Automaker plans largest downsizing since 1991msmedia: 2.8 MB w:320px - h:240px

Answers for Downsizing

austinWhat are the emerging issues in corporate downsizing? how will the problem be seen in the coming years?austinThe most emerging issues in corporate downsizing is layoffs mess up the economy with less money being spent. Also, its easy to get laid off with the economy in the toilet. The problem will be seen a...larryteasley1962why does my computer keep downsizing when i go to different web sites?larryteasley1962ryan cWhen downsizing tires, is there anything special done to the wheel mount?ryan cNo - you just put on 16" and have vehicle alignedlauri203Why does my open computer screen keep downsizing?lauri203Check the touch pad settings in your control panel...there is a setting to reduce screen size and maximize...it has probably got changed in your touch pad settings somehowcLeeIs it true they are downsizing the navy and air force and trying to expand army and the marines?cLeethis has been going on for a while, they have a program called "blue to green" and what that does is takes people from the navy and airforce and retrains them to be army. the reason that its harder t...
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