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Lay Off
(redirected from lay-offs)

   Also found in: Dictionary/thesaurus, Legal, Encyclopedia 0.02 sec.
Lay off
In the context of general equities, this eliminates all or part of a position by finding customers or other dealers to take the position.

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.


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Aa The lay-offs at LBC and its restructuring policy are reportedly based on studies conducted by the consulting firm Booz Allen Hamilton.
THE Federation of Small Businesses (FSB) said it saw a dramatic rise in calls to its legal advice line on lay-offs and redundancies in the first two quarters of this year.
 
 
 
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