Meaning ● Job displacement, within the sphere of Small and Medium-sized Businesses (SMBs), particularly undergoing automation or strategic growth initiatives, signifies the involuntary termination of employment roles. These separations often stem directly from technological adoption, process optimization, or strategic business restructuring designed to enhance operational efficiency and scalability. Implementation of new software platforms or robotic process automation, while intending to bolster overall productivity, can consequently reduce the need for certain human tasks, leading to workforce adjustments. Business agility, while important, should be addressed with careful talent management.
