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Related to Workforce reduction: downsizing, laying off

Lay Off

To terminate employees because the company is not making sufficient profits to pay them or to sustainably keep them on staff. While a lay off could affect one employee, the term usually refers to a group of employees that are let go because of budget cuts, restructuring, or other, similar situations. If and when the company returns to its previous profitability, it may hire back those employees who were laid off. Often, the company offers a severance or other final compensation to laid off employees.


The allocation of unsold shares to syndicate members from a new issue rights offering by the managing underwriter.
References in periodicals archive ?
1994), the researchers tried to determine the expressed rationale of CEOs for initiating their company's workforce reduction initiatives.
2% primarily driven by workforce reduction initiatives, employee benefit reductions and wage reductions implemented early in 2009 and reduced expenses related to revenue declines.
We begin by outlining the expected effects of distributive and procedural justice attributes of a voluntary workforce reduction program on employee's reactions to workforce reductions.
In addition, the Company's ability to recognize cost savings from the workforce reduction and respond to economic conditions as they improve may be impacted by our ability to execute and maintain the workforce reduction, control other costs, and manage any disruption to our business from the workforce reduction.
Excluding the impairment charges and the workforce reduction charge, earnings from continuing operations were $31.
NYSE: GGG) today announced a workforce reduction as part of its efforts to align operations with current market and economic conditions.
The initiative included a workforce reduction of approximately 13% of total U.
Its points include: administrative workforce reduction, phase out of low-margin products, tighter control of travel costs and a decrease in external costs across the company.
Such statements, including the expected annualized savings from the Thomasville, Georgia facility consolidation and workforce reduction, and the improved profitability resulting from the Company's cost control initiatives, involve risks and uncertainties which cannot be predicted or quantified and which may cause future activities and results of operations to differ materially from those discussed above.
NYSE: NYX) today announced a workforce reduction of more than 500 positions, including approximately 400 employees and 120 full-time consultants, from its NYSE, NYSE Arca and Securities Industry Automation Corporation (SIAC) business units.
AFL Automotive recognizes the impact that this workforce reduction will have on the lives of its employees, their families, and the community at large.
The Company expects to take a second quarter charge of approximately $275,000 to $350,000 relating to the workforce reduction.

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