reduction in force (RIF)

Definition

A procedure used to terminate occupied employment positions caused by lost funding, change of work requirements, or the reorganization of a department or business operation. Layoffs may be temporary or permanent.

Use this term in a sentence

  • The company experienced a reduction in force due to decreased fourth quarter profits, this caused overall cutbacks in the number of hours, employees, and profit margin.

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  • You may need to have a reduction in force if your company hits a down swing and will have to work harder.

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  • We needed to implement a reduction in force because we were already losing too much money and could not afford the employees.

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