Companies are now 'quiet cutting' workers. Here's what that means.

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Some companies are telling their employees that they're losing their positions, but not their jobs.

While reassigned workers remain employed, the reassignments often land them in roles with titles that are less prestigious, come with lower pay, and are more demanding.

"They recounted getting a phone call or an email from a manager basically telling them your job has been reassigned and you will be doing this from now on, and basically take it or leave," careers reporter with theAccording to Smith, some individuals initially felt relieved they weren't being axed. "But on the other side, they were angry or confused, and they felt the new job they had was either lower status or lower pay or more responsibilities, or something that they didn't even have experience in," Smith said."And so they were really angry at the companies about this.""Their identity is tied up with their titles and the work that they do — and if you're suddenly being told do something else, especially if it's a demotion ...

"It's sort of like pushing you into this corner and saying if you don't take it, you have to leave," Smith said, adding that"No company will say 'we're quietly cutting people.'" "The bottom line is, if someone who refuses a reassignment or eventually leaves after not liking the reassignment — once they leave, the company doesn't have to pay thousands of dollars in severance costs. So it actually saves them in costs," said Smith.

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