XYZ Inc. decided to lay off a relatively large proportion of their employees due to poorer-than-anticipated financial performance. What is this an example of?

A) proactive change
B) transformational change
C) transitional change
D) reactive change

Reactive Change

Modifications or adjustments made in response to external pressures or unforeseen events, rather than through proactive planning.

Lay Off

The temporary or permanent suspension or termination of employment of an employee or group of employees due to business reasons like lack of work or economic downturns.

Transformational Change

A comprehensive shift in the culture, processes, and operations of an organization, aiming for significant improvements.