A layoff is an action taken by a company to temporarily or permanently terminate the employment of a group of workers. Unlike being fired, a layoff is not due to any fault of the worker. When a company’s performance declines, it is more likely to lay off workers.
- You’re Fired! Now What?In honor of the comeback of Donald Trump’s “Celebrity Apprentice,” in which the real estate tycoon must fire a new contestant each week, KWHS looks at the realities of job loss. Someday you may receive a pink slip at work, but as experts suggest, it is most likely a career opportunity in disguise.