Final answer:
HR planning associated with laying off employees who are no longer needed is called downsizing. It involves reducing the workforce to align with business needs.
Step-by-step explanation:
HR planning associated with the process of laying off employees who are no longer needed is called downsizing or workforce reduction. Downsizing is a strategic decision made by organizations to align their workforce size with current business needs. It involves reducing the number of employees through layoffs, early retirements, or other means.
During the HR planning process for downsizing, several factors are considered, such as the company's financial situation, market conditions, and future business projections. The goal is to minimize the negative impact on employees and the organization while ensuring long-term viability.
For example, HR planning may involve assessing the skills and competencies of the workforce to determine who can be retained and who will be let go. It may also include developing a communication plan to inform employees about the decision and providing support services, such as outplacement assistance, career counseling, and severance packages.