Definitions for layoffs
lay·offs

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1. layoffs

   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.

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1. lays off

How to pronounce layoffs?

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 layoffs in sign language?

Numerology

1. Chaldean Numerology

   The numerical value of layoffs in Chaldean Numerology is: 4

2. Pythagorean Numerology

   The numerical value of layoffs in Pythagorean Numerology is: 3

Examples of layoffs in a Sentence

1. Jennifer Schramm:

   Layoffs are really hard on the organization, really hard on morale, it still has an impact years later on the engagement for the staff that’s left.

2. George Ratiu:

   This expectation is becoming more visible in the growing number of companies resorting to layoffs as a hedge against a potential economic slowdown, people who are laid off pull back on spending, and even those who are still employed may begin to do the same due to worries about losing their job, thus potentially sending consumer spending into a downward spiral.

3. Nick Bunker:

   The decline in employment in December was more a product of reduced hiring than a pick-up in layoffs, employers were hesitant about adding new workers. This trend is easier to reverse than the destruction of employer-employee relationships that happens when workers are laid off.

4. Ben Wigert:

   The game changer would be if widespread layoffs begin taking place. At that point, employees might voluntarily begin spending more time in the office to protect their jobs.

5. Neil Saunders:

   The scale of these layoffs suggest that David’s Bridal is in crisis mode, it indicates there is massive restructuring going on behind these scenes with a view to conserve cash as the company prepares for either bankruptcy or a sale.

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References

1. ^ Wikipedia
   https://en.wikipedia.org/wiki/Layoffs