Define: "Furlough" in Business
Catastrophic fiscal burn
"This is a precursor to layoffs. Secure your data and start interviewing immediately."
A temporary unpaid leave of absence initiated by the employer due to economic conditions.
What does "Furlough" actually mean?
"A financial mechanism where the company legally forces you to stop working so they don't have to pay you, right before the CEO announces record quarter profits."
"To avoid layoffs, we are instituting a temporary furlough program across non-essential departments."
"Management announced a two-week mandatory furlough, basically telling us to starve for the shareholders."
By The Chief Waste Officer
18 years in the corporate trenches quantifying waste so you don't have to.
Related Terminology
Tired of hearing this?
Next time someone says "Furlough" in a meeting, track exactly how much company money they just wasted. Play Buzzword Bingo, generate a waste invoice, and stop the bleeding.
