Examlex
In a system with two moving objects,when a collision occurs between the objects:
Workforce Reduction
Strategies or actions taken by an organization to decrease its number of employees, commonly through layoffs, to reduce costs or adjust to market conditions.
Voluntary Severance Packages
Financial incentives offered by employers to encourage employees to voluntarily resign, often used in workforce downsizing scenarios.
Downsizing Strategy
Strategy to improve an organization's efficiency by reducing the workforce, redesigning the work, or changing the systems of the organization.
Senior Management
The highest level of management within an organization, responsible for strategic decision-making and overall leadership.
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