Un centenar de empleados está en la calle ahora.

Questions & Answers about Un centenar de empleados está en la calle ahora.

Why use un centenar instead of cien?
Cien is an exact number acting as an adjective (cien empleados = exactly 100 employees). Un centenar is a collective noun meaning a group of a hundred or about a hundred. It is often used in news or storytelling to give an estimate or to emphasize a large crowd rather than an exact headcount.
Why do we need the preposition de between centenar and empleados?
Because centenar is a noun, not a number adjective. Just as you say a group of employees in English, you must connect the collective Spanish noun to the people it describes using de. If you used the standard number instead, you would drop the de and just say cien empleados.
Why is the verb singular (está) if there are a hundred people?
The formal grammatical subject of the sentence is the singular collective noun un centenar, not the plural empleados. Therefore, the verb formally agrees with the singular subject. Note that in everyday spoken Spanish, you will often hear the plural están in structures like this because speakers are thinking about the plural employees, but está is grammatically safer and correct.
Does está en la calle just mean they are physically standing outside?
It can mean they are literally outside on the street, perhaps protesting or taking a break. However, estar en la calle is also a very common idiom meaning to be unemployed (out of a job) or homeless. Depending on the context, this sentence could mean a hundred employees just got fired!

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