Reducing the size of a labour force by making workers redundant. A term particularly applied to the staff reductions made by securities houses after 1987. See also: Big...

Downsizing and Rightsizing Downsizing refers to the permanent reduction of a company's workforce and is generally associated with corporate reorganization, or creating a "leaner, meaner" company. For example, the database developer...

Layoff is the termination of employment of an employee or (more commonly) a group of employees for business reasons, such as the decision that certain positions are no longer necessary. Originally the term "layoff" referred specifically to a temporary...

LAYOFFS Tech stocks drive down market Dow, S&P 500 turn negative for the year By JONATHAN FUERBRINGER New York Times Saturday, February 10, 2001 New York -- Another slide in technology stocks dragged all three leading stock indexes...

If you're a thirtysomething, short-time, non-veteran federal worker who has been bored watching the office elders scramble for buyouts, be prepared to enter the real world. The time is coming when you may be going! Buyouts, worth up to $25,000, expire March 31...

The Philadelphia Inquirer on Tuesday began a round of long-expected layoffs amid a drop in circulation and ad revenue.Several reporters at the Inquirer, Pennsylvania's largest newspaper, said they were told Tuesday morning that their jobs were being eliminated. The employees said they were told to...

The Perseus Books Group said Thursday that it would shut down two imprints and lay off 24 employees in the wake of its March 1 acquisition of the Avalon Publishing Group.With a motto of "Insightful, Innovative, Independent," Perseus runs some of the leading independent presses,...