The act of terminating employment, often a byproduct of restructuring or downsizing efforts.
Neutron Jack is a nickname given to Jack Welch, the former CEO of General Electric (GE), known for his aggressive downsizing strategies to improve efficiency and profitability during his tenure.
Outplacement programs provide job placement assistance and support for employees affected by downsizing or staff reductions, including résumé preparation, career counseling, and resources to help find new employment.
Restructuring is the process of reorganizing the operations and composition of an organization, often leading to significant changes, including layoffs and departmental shifts.
