Why it matters
Large layoffs signal trouble in a company or industry and affect local economies.
Layoffs in the news
More Business terms
Bankruptcy
A legal process for people or companies that cannot repay their debts, in which assets are sold or debts restructured under court supervision.
Merger
The combination of two companies into one, often negotiated alongside an acquisition, where one company buys another.
Revenue
The total money a company earns from selling goods or services before any costs are subtracted.
Acquisition
The purchase of one company by another, giving the buyer control of the target's business.
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