Meaning ● Workforce displacement, within the landscape of Small and Medium-sized Businesses (SMBs), refers to the involuntary job losses experienced by employees as a direct consequence of business growth strategies, automation initiatives, and the implementation of new technologies. This often involves a strategic realignment of workforce skills and capabilities to match the evolving needs of the SMB, potentially impacting roles made redundant by efficiency gains. Such transitions require careful management to mitigate disruption and ensure continued operational stability.
