Reduction in force (RIF),
Definition of Reduction in force (RIF):
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.
How to use Reduction in force (RIF) 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.
- You may need to have a reduction in force if your company hits a down swing and will have to work harder.
- We needed to implement a reduction in force because we were already losing too much money and could not afford the employees.
Meaning of Reduction in force (RIF) & Reduction in force (RIF) Definition