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List the types of costs incurred

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List the types of costs incurred when employees are laid off. What costs are difficult to estimate in monetary terms? Suppose that a firm is facing a downturn in business, each employee has skills valued at $40,000 per year, and it costs $100,000 to lay off an employee. If business is expected to improve in 1 year, are layoffs financially justified? What is the "payback" period for the layoff decision?

Reference no: EM132712460

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