With the ongoing covid pandemic, I expect we'll see an increase in questions around the topic of losing one's job. As such, I wanted to clarify the meaning of these three commonly used words.
The way I understand it is:
Fired: "You are unable to perform at the level we expect." and/or "You committed a serious violation of company policy."
Laid off: "Due to the current economic situation, we are being forced to downsize and cannot afford to keep you."
Redundant: "Due to changes in our business, we no longer require your services."
With the understanding that every situation is different and there is always some degree of nuance/overlap, are these descriptions more or less accurate?