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Involuntary Turnover
The termination of employees from their job for reasons beyond their control, such as layoffs or dismissals.
Voluntary Turnover
Occurs when employees choose to leave a company for personal reasons, such as a new job opportunity or relocation.
Downsizing
The process of reducing the size of a company's workforce to cut costs, which can involve layoffs, selling parts of the business, or outsourcing.
Outsourcing
The practice of hiring third parties to perform services or create goods that were previously done in-house, often to cut costs or improve efficiency.
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