Asian Journal of Economics, Business and Accounting

This study is conducted to examine the layoff in Oil Service Company and its impact on employees for various reasons, including: first, to study the causes of layoff in Oil Service. Second, to know the perception of employees on layoff in Oil Service. Third, to understand the effect of layoff on Oil Service and finally, to suggest remedial measures to reduce the layoff in Oil Service. The total number of employees working in Oil Service Company are 1000. A sample 90 employees were selected by using convenient sampling method that provides an opportunity to obtain sample and good data from different employees. The type of research is exploratory and the study uses quantitative method of data analysis. In collecting the data, the researcher used both kinds of data, i.e. primary and secondary data. The researchers used questionnaire as an instrument to collect the primary data. The secondary data collected from supportive literature review and the conceptual framework planned accordingly. In addition, the data collected from the respondents is analyzed with the help of Man Whitney U- test, Correlation, Covariance and descriptive statistics as well as with tables and graphs. The results of the study emphasizes that there is a difference of opinion among respondents on demographic variables (Gender, Marital status and any other sources of income) towards layoff in Oil Company. It is suggested that the company should initiate different training programs according to the deficiencies in the capabilities and skills of the employees so that the company can avoid layoffs and in turn can build a competent workforce for sustainable development of the organization.