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Simple English definitions for legal terms
RIF
Read a random definition: benefit association
A quick definition of RIF:
Term: RIF
Definition: RIF stands for "reduction in force" which means when a company needs to cut costs, they may lay off some of their workers. This is also known as a "layoff". The word "rif" can also be used as a slang term meaning to lay off a worker.
A more thorough explanation:
Definition: RIF is an abbreviation for "Reduction in force," which means laying off workers. The term is often used in business and human resources.
Example: The company announced a RIF, and many employees were let go.
Explanation: The example shows how RIF is used to describe a situation where a company reduces its workforce by laying off employees. The term is often used in a formal or professional context.