Definitions for lay-off
lay-off

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1. lay-off

   A layoff or downsizing is the temporary suspension or permanent termination of employment of an employee or, more commonly, a group of employees (collective layoff) for business reasons, such as personnel management or downsizing (reducing the size of) an organization. Originally, layoff referred exclusively to a temporary interruption in work, or employment but this has evolved to a permanent elimination of a position in both British and US English, requiring the addition of "temporary" to specify the original meaning of the word. A layoff is not to be confused with wrongful termination. Laid off workers or displaced workers are workers who have lost or left their jobs because their employer has closed or moved, there was insufficient work for them to do, or their position or shift was abolished (Borbely, 2011). Downsizing in a company is defined to involve the reduction of employees in a workforce. Downsizing in companies became a popular practice in the 1980s and early 1990s as it was seen as a way to deliver better shareholder value as it helps to reduce the costs of employers (downsizing, 2015). Research on downsizing in the US, UK, and Japan suggests that downsizing is being regarded by management as one of the preferred routes to help declining organizations, cutting unnecessary costs, and improve organizational performance. Usually a layoff occurs as a cost-cutting measure.

Anagrams for lay-off »

1. Offaly

How to pronounce lay-off?

1. Alex

   US English

   David

   US English

   Mark

   US English

   Daniel

   British

   Libby

   British

   Mia

   British

   Karen

   Australian

   Hayley

   Australian

   Natasha

   Australian

   Veena

   Indian

   Priya

   Indian

   Neerja

   Indian

   Zira

   US English

   Oliver

   British

   Wendy

   British

   Fred

   US English

   Tessa

   South African

How to say lay-off in sign language?

Numerology

1. Chaldean Numerology

   The numerical value of lay-off in Chaldean Numerology is: 1

2. Pythagorean Numerology

   The numerical value of lay-off in Pythagorean Numerology is: 2

Examples of lay-off in a Sentence

1. Dan Thelander:

   We'll have to lay off employees. We won't be buying as many seeds or fertilizer or tractors, and so we'll just have to scale down and operate a smaller farm, and so, yes, it'll hurt a lot.

2. Chip Rogers:

   Thirty-three thousand small business hotels across the country are facing the difficult decision right now whether to close their doors and lay off millions of people over the next few days.

3. Chuck Schumer:

   We all know that when the post office is forced to cut hours of operation or delivery routes or lay off workers, the rest of us are worse off, thankfully, for the past few months, Democrats and Republicans have been working together in good faith to reform some of the most troubled parts of Postal Service.

4. James Cavallaro:

   We will have to lay off nearly half of our staff, 30 people, unless we get a cash injection by July, we are working very hard to stave off this crisis.

5. Gordon Sondland:

   Keep the quid pro quo on the low low. Got it, i just want to go on the record and say,' you guys need to lay off my boy.'.

References

1. ^ Wikipedia
   https://en.wikipedia.org/wiki/Lay-Off