Definition, Meaning & Synonyms
lay-off
noun
/ˈleɪ ɔf/
Definition
A temporary or permanent dismissal of an employee from their job.
Examples
- The company announced a lay-off of 200 workers due to financial difficulties.
- After the lay-off, many employees struggled to find new jobs in a tough market.
- During the pandemic, several businesses had to implement lay-offs to stay afloat.
Meaning
Lay-off refers to the process where an employer terminates the employment of workers, usually due to economic reasons or workforce reductions.
Synonyms
- termination
- dismissal
- redundancy
- furlough
