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 ?
So then the judge could sentence him to the max and could decide he shouldn't be in work furlough and that he could go to jail or prison or whatever.
The criminal would not be on work furlough and driving a red Mustang.
About $600,000 will be earmarked for remodeling a 50-bed adult facility at the work furlough complex, located at Camarillo Airport.
The company said that expenses increased because in the 2009 fourth quarter, it instituted work furloughs and that it saw higher costs in newsprint, which were up 28 percent.
Still, discussing work furloughs, reductions or changes in benefits packages or any potential mood-altering development is never easy.
We've tried to live through this - through the early retirements, through the work furloughs - but we're at a point where we've cut to the bone and now anything more than this means an amputation.
Oregon is hardly the first state to grapple with the question of how to work furloughs into their operations as they confront a one-year shortfall totaling $168 billion, or 24 percent of state budgets, according to the Center on Budget and Policy Priorities.
The funds are available to homeowners who have fallen behind on their mortgage payments due to a temporary change in household income, such as reduced pay or work furloughs.
Congress's move will necessitate work furloughs and force rolling closures of Weather Warning Offices across the country.