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Layoff |
Also found in: Dictionary/thesaurus, Legal, Encyclopedia, Wikipedia, Hutchinson | 0.03 sec. |
Layoff The act of a company firing workers regardless of their work performance. Layoffs occur when a company is having significant financial problems and can no longer afford to pay its workers. Because this can be both personally difficult and damaging to the company's reputation, companies usually engage in layoffs when there is no other alternative to cost cutting. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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