Peter must inform his employees that his company will need to let go of employees. Which word would be best for Peter to use when conveying this idea to his employees? a. Streamlining b. Rightsizing c. Layoff d. Paradigm shift

Question

Regina Lopez

Business

8 September, 01:07

Peter must inform his employees that his company will need to let go of employees. Which word would be best for Peter to use when conveying this idea to his employees? a. Streamlining b. Rightsizing c. Layoff d. Paradigm shift

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Answers (1)

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Dane King · Answer 1

c. Layoff

Explanation:

Layoff refers to the action of employers terminating the services of an employee. It when an employer brings to an end to their work relationship with the employee. Layoff occurs due to a variety of reasons. It may affect one worker or a group of workers.

A layoff is different from dismissal or firing. Dismissal may be a result of employee under-performance or breach of contract. Layoff occurs because employers need to reduce their salary expenditures.