It is a temporary leave of absence or suspension from work, often due to economic or business reasons. During a furlough, employees are typically asked to take unpaid time off or work reduced hours. It is different from a layoff or termination, as furloughed employees remain employed by the company and are expected to return to work once the furlough period ends. Furloughs are often implemented as a cost-saving measure during times of financial hardship or when there is a temporary decrease in business activity.
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How To Combat The Pandemic: Furloughs Or Layoffs
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