layoff

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Lay Off

To terminate employees because the company is not making sufficient profits to pay them or to sustainably keep them on staff. While a lay off could affect one employee, the term usually refers to a group of employees that are let go because of budget cuts, restructuring, or other, similar situations. If and when the company returns to its previous profitability, it may hire back those employees who were laid off. Often, the company offers a severance or other final compensation to laid off employees.

layoff

The allocation of unsold shares to syndicate members from a new issue rights offering by the managing underwriter.
References in periodicals archive ?
As for those not laid off, Mahjub said, "Women in many large manufacturing units and carpet-weaving sites are some times receiving two-thirds of the approved minimum wage, but they refrain from filing complaints for fear of losing their jobs entirely.
Mr Jones alleged that he had been laid off because of his health and safety complaints.
If the contract of employment does not allow for a lay off, what other options does the laid off employee have?
The automaker had laid off 275 workers in Georgetown because of declining auto sales in 2008.
The Times has laid off workers before, including 500 at a newspaper and magazine distribution unit that it closed.
Even 35 percent of that is going to be beyond the means of most folks who are laid off for any length of time.
Andy Rickards, operations director, said: "We have laid off, not made redundant, 34 staff.
has laid off a number of employees in the manufacturing division in its Milford headquarters.
In the CSX case, the taxpayer had argued that the payments were SUB payments because the employees receiving them had already been laid off and these payments had simply changed the employees' involuntary separation status from indefinite to permanent.
Something similar goes on in the case of the laid off and unemployed, thanks to the prevailing Calvinist form of Protestantism, according to which productivity and employment are the source of one's identity as well as one's income.
May 3, 2006 Fan tells Q employees operations are shutting down and all are being laid off.