Definitions for layoffˈleɪˌɔf, -ˌɒf
This page provides all possible meanings and translations of the word layoff
Random House Webster's College Dictionary
the act of dismissing employees, esp. temporarily.
a period of enforced unemployment.
Origin of layoff:
the act of laying off an employee or a work force
Kernerman English Learner's Dictionary
a situation in which an employee's job is ended by a company
There will be more layoffs in the industry this year.
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.
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