Definitions for layoffˈleɪˌɔf, -ˌɒf
This page provides all possible meanings and translations of the word layoff
the act of laying off an employee or a work force
A dismissal of employees from their jobs because of tightened budgetary constraints or work shortage (not due to poor performance or misconduct).
A period of time when someone is unavailable for work.
A short pass that has been rolled in front of another player for them to kick.
Layoff, also called redundancy in the UK, is the temporary suspension or permanent termination of employment of an employee or a group of employees for business reasons, such as when certain positions are no longer necessary or when a business slow-down occurs. Originally the term layoff referred exclusively to a temporary interruption in work, as when factory work cyclically falls off. The term however nowadays usually means the permanent elimination of a position, requiring the addition of "temporary" to specify the original meaning. Many synonyms such as downsizing exist, most of which are euphemisms or doublespeak and more abstract descriptions of the process, most of which can also be used for more inclusive processes than that of reducing the number of employees. Downsizing is defined as the "conscious use of permanent personnel reductions in an attempt to improve efficiency and/or effectiveness". Since the 1980s, downsizing has become increasingly common. Indeed, recent research on downsizing in the U.S., UK, and Japan suggests that downsizing is being regarded by management as one of the preferred routes to turning around declining organisations, cutting costs, and improving organisational performance, most often as a cost-cutting measure.
Sample Sentences & Example Usage
These readings suggest no significant change in the continuing low level of layoff activity.
It could have never succeed if I hadn’t paid off my debt to minimize my cost of living. i was lucky to receive six months advance notice of the layoff, so for those six months I spent all my waking hours working to earn extra money to pay down our debt.
Obviously, it's one of my biggest wins, and especially after a long layoff, to come back out and win in my fifth start, means a lot, i've been working hard on my game and been working hard on me, and so it means a great deal to have some success right out of the gate. It gives me a lot of confidence, too.
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