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.

Related Videos




http://www.businessdictionary.com/definition/reduction-in-force-RIF.html

Today's Top Bulls

72% Bullish
(36 Votes)
70% Bullish
(102 Votes)
69% Bullish
(75 Votes)
Browse by Letter: # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z