Lay off

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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.
References in periodicals archive ?
The company is also laying off 510 employees at the Freightliner plant in Mount Holly.
LANCASTER - Financially troubled Westside Union School District is considering laying off 54 teachers because it might increase class sizes in the lower grades.
A Midwest warehouse club store is laying off anyone who
The district then ended up laying off teachers who held full credentials because they had less seniority than instructors on emergency credentials.
Despite these promises PacTel continued to hire new employees while laying off thousands of loyal employees who, to their detriment, relied on the promises of their employer.
LANCASTER - When most Antelope Valley school districts are nearly drowning in a sea of financial woes, Lancaster School District trustees believe they will stay afloat without laying off employees or increasing class sizes.
The board conducted a special meeting Monday night to vote on laying off 14 full-time classified, or nonteaching employees, to pare $1 million from the district's budget.
The trustees have not yet voted on making class sizes larger, and administrators are meeting with teachers' union members to discuss ways to slash the budget without laying off employees, the assistant superintendent said.
Meeting a state deadline of Saturday for notifying certificated staff, the board voted 5-0 Tuesday in favor of laying off the assistant principals and 3-2 in favor of teacher layoffs, with trustees Sheldon Epstein and Sandy Corrales dissenting on the teacher layoffs.
In addition to laying off aides, Leabo said administrative costs will be cut and some unfilled teaching positions will be left vacant.