Layoff Meaning & What You Should Do as an Employee
A layoff is an involuntary job loss caused by business decisions beyond an employee’s control – for example, budget cuts, company restructuring, or declining sales. Unlike being fired for performance issues, a layoff reflects the company’s needs, not the employee’s work. Being laid off is an “involuntary termination due to a business decision” and typically comes with a severance package or outplacement support to help you find a new role. In other words, layoffs are a routine part of the business cycle, not a
