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Layoffs and Downsizing

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Layoffs and downsizing are both terms that refer to reductions that companies make in the number of employees on the payroll, although the term "layoff" is used more often to refer to temporary displacement, while "downsizing" generally has more permanent connotations. Other terminology sometimes used in this regard include reductions in force (RIF), right-sizing, restructuring, and reorganization.

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Copyright © 2011 Advameg, Inc.