ENTREPRENEURSHIP

Detailed explanation-1: -A layoff is an involuntary separation from work through no fault of employees, often initiated by the employer for economic reasons to cut costs. A layoff differs from a firing for cause such as unacceptable workplace behavior, which generally does not qualify the fired worker for unemployment insurance.

Detailed explanation-2: -Examples of involuntary separations include discharges, layoffs, and downsizing or “right"-sizing (a term used by firms to make downsizing appear more palatable, generally positioning it as an attempt to make the firm the “right” size for its needs by implementing layoffs).

Detailed explanation-3: -Examples from Collins dictionaries Store closures will result in layoffs of an estimated 2, 000 employees. They both made full recoveries after lengthy injury layoffs. It will close more than 200 stores nationwide resulting in the layoffs of an estimated 2, 000 employees.

Detailed explanation-4: -Layoff implies temporary removal of an employee from the payroll of the organization due to circumstances beyond the control of the employer. It may last for an indefinite period. But the employee is not terminated and is expected to be called back in future.