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.
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layoff

The allocation of unsold shares to syndicate members from a new issue rights offering by the managing underwriter.
Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.
References in periodicals archive ?
Two Airmen who work in the force shaping branch at the Air Force Personnel Center at Randolph Air Force Base, Texas, are familiar with the issue.
In fact, the force shaping branch has little to do with deciding which Airmen must involuntarily separate.
This help includes conducting briefings on the force shaping program, maintaining a Web site (http://ask.afpc.randolph.af.mil/forceshape) dedicated to force shaping initiatives and answering hundreds of e-mails every week from people across the globe who are concerned their careers may soon end.
Three focus points of the new program are organizational restructure, force shaping, and process efficiencies.
Anthropologists and other social scientists, and practitioners of religion explore how religious beliefs and practices are often central to the lives of immigrants to the US, highlighting religion as a major force shaping and changing constructions of personal and community identity.
If you are eligible for or supervise someone subject to force shaping, you really need to know about these programs.
Affected airmen, supervisors, and commanders need to be aware of all aspects of force shaping and prepared to participate in the process.
Philip Odom, the chief of Air Force Military Force Shaping Policy.
The secretary also addressed potential concerns about cutting manpower, or force shaping, during wartime.
The first Force Shaping Board is scheduled to convene at the Air Force Personnel Center April 3, 2006.
Air Force leaders had hoped to reduce the line officer corps through a robust voluntary Force Shaping Program.
Force shaping is about developing personnel programs and policies that provide an optimal blend of organizational alignment, personal growth, and personal development.

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