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A less severe form of involuntary termination is often referred to as a layoff (also redundancy or being made redundant in British English). A layoff is usually not strictly related to personal performance but instead due to economic cycles or the company's need to restructure itself, the firm itself going out of business, or a change in the function of the employer (for example, a certain ...
In United States labor law, at-will employment is an employer's ability to dismiss an employee for any reason (that is, without having to establish "just cause" for termination), and without warning, [1] as long as the reason is not illegal (e.g. firing because of the employee's gender, sexual orientation, race, religion, or disability status).
Just cause usually refers to a violation of a company policy or rule. In some cases, an employee may commit an act that is not specifically addressed within the employers' policies but one of which the employer believes warrants discipline or discharge. In such instances, the employer must be confident that they can defend their decision.
Not everyone is fortunate enough to love their job -- for many, heading to work can be quite draining both physically and emotionally. Whether it's overwork, career burnout, unsatisfactory wages or...
While the main formal term for ending someone's employment is "dismissal", there are a number of colloquial or euphemistic expressions for the same action. "Firing" is a common colloquial term in the English language (particularly used in the U.S. and Canada), which may have originated in the 1910s at the National Cash Register Company. [2]
A lockout is a work stoppage or denial of employment initiated by the management of a company during a labor dispute. [1] In contrast to a strike, in which employees refuse to work, a lockout is initiated by employers or industry owners.
Being short a stock means that you have a negative position in the stock and will profit if the stock falls. Being long a stock is straightforward: You purchase shares in the company and you’re ...
Originally, layoff referred exclusively to a temporary interruption in work, or employment [3] but this has evolved to a permanent elimination of a position in both British and US English, [1] [failed verification] requiring the addition of "temporary" to specify the original meaning of the word. A layoff is not to be confused with wrongful ...