layoff
n.
act of discharging workers (especially temporarily); period when one is not employed, period of forced inactivity
Layoff
A layoff is the
termination of employment of an
employee or (more commonly) a group of employees for
business reasons, such as the decision that certain positions are no longer necessary. Originally the term "layoff" referred specifically to a temporary interruption in work, as when factory work cyclically falls off. However, the term has long been applied also to the permanent elimination of positions as a cost-cutting measure (or for other reasons).
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layoff
Noun
1. the act of laying off an employee or a work force
(hypernym) closure, closedown, closing, shutdown
(derivation) furlough, lay off
Layoff
Used in the context of general equities. Eliminate all or part of a
position by finding customers or other
dealers to take them.
Layoff
the elimination of jobs, often without regard to employee performance, usually when a company is experiencing financial difficulties.
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