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 ?
Tisch told Secretary Evans that the airlines' plan to drastically reduce flights and lay off workers will have a ripple effect that is already being felt by all sectors of the travel industry.
The management's right to lay off workers should be protected by the law," said Mr Min.
Auto Business News-29 January 2009-Volvo to lay off 600 workers at Virginia's New River Valley plant(C)2009 ENPublishing - http://www.
A genuine lay off is not a redundancy and an employee who has been laid off by his/her employer is still employed by that employer.
Around 130 employees at a processing plant in Great Witchingham, in Norfolk, will be stood down for 20 days from today, but the firm is preparing to lay off a total of 500 workers, according to the Transport and General Workers Union.
The airline said in September, when it filed for Chapter 11 bankruptcy protection, that it would lay off 1,400 flight attendants and 900 were laid off that month, Bloomberg reported.
We are certainly not pleased that we need to lay off employees.
Almost all companies go through a process of qualifying who to lay off because they want to minimize lawsuits," offers human resources consultant Ron Mason.
Sources said Kidder told employees last week it expects to lay off 41 percent of its approximately 5,000 workers.
National University administrators are concerned that lay off notices may discourage prospective teachers from enrolling in teacher education programs at a time when California faces specific teacher shortages, and will unfairly impact new teachers who committed several years and thousands of dollars to serve the educational needs of their communities.
NORDIC BUSINESS REPORT-29 September 2009-Finnish Vacon to temporary lay off 160 office staff(C)1994-2009 M2 COMMUNICATIONS http://www.
Fiat Group SpA (Fiat) (NYSE: FIA) (ISE: IT0001976403), an Italy-based automaker, is planning to lay off white-collar workers.