<http://schema.org/description>
"Lay-off or redundancy, is the temporary suspension or permanent termination of an employee or a group of employees for business reasons, such as when certain positions are no longer necessary or when a business slow-down occurs. Initially the term layoff meant a \u2018temporary\u2019 interruption in work, as and when factory-work cyclically falls off but nowadays it means \u2018permanent\u2019 elimination of a position. Another such word downsizing is the conscious use of permanent personnel reductions in an attempt to improve efficiency and/or effectiveness. Downsizing has gained strategic legitimacy and is being regarded by management as one of the preferred routes to turning around declining organisations, cutting costs, and improving organizational performance, generally as a cost-cutting measure. Apart from the layoffs, employee promotions are also stalled."^^<http://www.w3.org/2001/XMLSchema#string>
<http://www.mbaskool.com/business-articles/human-resource/268-lay-offs-down-sizing-vs-demoralizing.html>