E.g. a sales rep is underperforming and decided to leave. The decision at time of termination was technically the employee's (not fired, not laid off), but the company would not seek to retain or rehire.
In companies with good communication and clear incentive structures, this is a somewhat common occurrence, as employees realize there is not a good opportunity for them.
It's common to distinguish the two.
E.g. a sales rep is underperforming and decided to leave. The decision at time of termination was technically the employee's (not fired, not laid off), but the company would not seek to retain or rehire.
In companies with good communication and clear incentive structures, this is a somewhat common occurrence, as employees realize there is not a good opportunity for them.