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 ?
It's like they ignore it," she said of the layoffs.
Beyond the effects of seniority-based layoffs on the teacher workforce as a whole are potential distributional consequences.
For merit compensation system employees subject to layoff, a 30-day notice of the layoff must also be provided by the agency.
In a statement, the company said that management is working with local union representatives to minimize the number of layoffs at the Tennessee Operations facility.
As time passed and conditions actually worsened, more layoffs followed.
He assured residents that no union would suffer significant layoffs and that all layoffs would be prevented, if possible.
As a follow-up to that paper, we report here additional findings that examine the possible effects of implementing layoffs on a wider set of attitudinal variables as well as the degree to which these types of negative impacts persist over time.
The geographical distribution of extended mass layoffs shows that nearly a third of them (31.
Our results were consistent with the view that layoffs create shareholder value," Rennie said.
Only relatively large and concentrated layoffs are identified through the MLS size limitation on establishments and the requirement that at least 50 initial claims for unemployment insurance were filed against the establishment in a consecutive 5-week period.
Uchitelle tells the stories of layoffs with sympathy for the victims and outrage at their suffering.
of another round of layoffs, signaling the continued winding down of operations at the 95-year-old plant.