Updated: March 24, 2020
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INFORMATION SHEET: Reductions vs. Furloughs vs. Layoffs vs. Termination
This information sheet provides a high-level summary of some of the key differences and features of various workforce strategies for employers faced with the suddenly reduced revenue streams. Federal and state governments are attempting to provide additional revenue streams to assist employers in maintaining their workforces to the greatest extent possible, but understanding the options available to employers is critical at this time.
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