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 ?
In this organization, managers who issued warn notices were invariably also the ones to give employees the layoff notice.
However, extended layoffs are not an atypical feature of a healthy economy.
In an effort to ensure consistent reporting from all States, BLS instructed States to use "weather-related" as the primary reason for separating workers if the layoff event was related to Hurricane Katrina and the worksite was located within the Federal Emergency Management Agency's (FEMA) hurricane disaster areas.
Five teachers challenged their layoffs, but the administrative law judge ruled the district had acted appropriately.
The assumption made is that companies will implement the layoff strategy as announced.
If you have 100 or more employees and are closing an entire plant or conducting a mass layoff, the federal Worker Adjustment and Retraining Notification Act in some cases requires you to provide notice to employees 60 days in advance.
In the face of continued layoffs and a possible Gulf War, New York City's commercial real estate market stands to suffer even more.
The GM umpire partially agreed and reduced the layoff to only two days.
Injuries heal faster with prescribed movement, which means that a layoff may not live up to your worst fears.
Will you provide severance pay in the event of layoff or termination?
A mid a blizzard of layoff announcements, analysts at Gartner Inc.
In contrast, the former employees argued that the layoffs for the two periods should be analyzed together, and that employees who left Sea Ray in anticipation of an involuntary layoff should be counted as constructive discharges, in which case the percentage decline would have totaled 32.