mass layoff
Workforce reduction event
A mass layoff is the simultaneous termination of a large number of employees, typically due to economic downturns, corporate restructuring, or cost-cutting measures rather than individual performance.
Companies may announce mass layoffs affecting hundreds or thousands of workers at once: The tech giant announced a mass layoff of 10,000 employees.
In the U.S., federal law requires advance notice for mass layoffs above certain thresholds.
- downsizingReducing workforce or scale
- severanceTermination pay or disconnection
- golden parachuteLucrative exit agreement
- unemploymentBeing without paid work
- job marketEmployment availability collectively
career transition · pink slip · walking papers · restructuring · workforce reduction · cost cutting · bottom line · fired · terminated · redundancy · exit interview · outsourcing · recession · corporate · HR · cubicle · cardboard box · last day
- unemploymentunemployment, unemployed, jobless, joblessness, unemployment rate
- cutbackscutback, cutbacks, decrease, reduction, budget cuts
- Factory Newsfactory fire, chemical leak, plant closure, groundbreaking, ribbon cutting
- labor strikeswalkouts, walkout, picket lines, strike action, coal strike
mass layoffhiring spree
Intensive period of employment
hiring boom · recruitment drive · talent acquisition · staffing up · job creation
mass layoffjob security
Protected employment status
employment stability · job protection · tenure · lifetime employment · staff retention
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