Definition, Meaning & Synonyms

layoff

Noun

/ˈleɪˌɔf/

Definition

A layoff is a permanent or temporary dismissal of an employee or a group of employees from their job, usually due to business reasons such as cost-cutting, downsizing, or restructuring.

Examples

The company announced a layoff of 200 workers due to budget cuts.
After the layoffs, many employees felt insecure about their jobs.
She experienced a layoff during the economic downturn but found a new job quickly.