Layoffs vs. Firings: Why it Matters for Managers
The terms “layoff” (laid off) and “firing” (fired) are often used interchangeably, yet they represent fundamentally different situations. Understanding these differences is crucial for managers, as each scenario demands a distinct approach and mindset. Defining the Terms Layoff: A layoff is typically a business-driven decision, often due to financial strains, restructuring, or changes in market […]
