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Layoff

   Also found in: Dictionary/thesaurus, Legal, Encyclopedia, Wikipedia, Hutchinson 0.01 sec.
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.
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[ILLUSTRATION OMITTED] Recession-driven layoffs are hurting not only the unemployed, but those workers who remain to shoulder their responsibilities.
Layoffs negatively affect productivity, remaining employees by American Agent & Broker
US heavy equipment maker Caterpillar said Tuesday it would eliminate 2,454 jobs, bringing to nearly 25,000 the number of layoffs the embattled company has announced so far this year.
Caterpillar announces nearly 2,500 layoffs by AFP / AFP Global Edition
Meanwhile, CNET sources claim the layoffs are indeed true.
Apple's 50 employee layoff rumor still unresolved by International Business Times - US ed.
 
 
 
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