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 ?
A few months before I turned 50, I too was practically laid off from my government employment.
I havent slept in days knowing that I would be laid off, and I would just beg you to reconsider."
However, the percentage of employed adults who are Republicans or Republican-leaning independents are now less likely than they were in 2016 to say it is likely they will be laid off this year.
He added that the number of the laid off workers after the global crisis was almost the same as before the crisis, and chided those, among them some government agencies, who inflated that number unwittingly.
As for those not laid off, Mahjub said, "Women in many large manufacturing units and carpet-weaving sites are some times receiving two-thirds of the approved minimum wage, but they refrain from filing complaints for fear of losing their jobs entirely."
If the contract of employment does not allow for a lay off, what other options does the laid off employee have?
He said: "We have laid off six out of 34 staff, about 15%.
The members of staff to be temporarily laid off, and the duration and timing of these lay-offs will depend on the workload.
Kuwait, 25 August: The decision taken by the cabinet on Monday regarding the plight of the laid off Kuwaiti employees in the private sector applies to employees whose service was involuntarily terminated between last August and the end of this year, said a minister on Tuesday.
"As long as people keep getting laid off, there will be more foreclosures."
The Times said it laid off 100 workers and is cutting nonunion salaries.
In her opinion, employees being laid off should be advised in one-on-one meetings in a private place.