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 ?
It's like they ignore it," she said of the layoffs.
Beyond the effects of seniority-based layoffs on the teacher workforce as a whole are potential distributional consequences.
For merit compensation system employees subject to layoff, a 30-day notice of the layoff must also be provided by the agency.
In a statement, the company said that management is working with local union representatives to minimize the number of layoffs at the Tennessee Operations facility.
As time passed and conditions actually worsened, more layoffs followed.
He assured residents that no union would suffer significant layoffs and that all layoffs would be prevented, if possible.
As a follow-up to that paper, we report here additional findings that examine the possible effects of implementing layoffs on a wider set of attitudinal variables as well as the degree to which these types of negative impacts persist over time.
P-D management has declined to comment on the layoff process.
The airline said that involuntary layoffs among IAM employees have been decreased by almost 40% since the programmes were introduced in July and again in September.
But when an employee is laid off and the employee returns to work within 35 days, the layoff is not considered to be a termination under the wage rules, and the employee's wages are simply due at the next regularly scheduled payday after the layoff.
Extended mass layoffs constitute a major source of job separations, especially during recessions, when the need for major employment adjustment is widespread.
8% more in total pay than CEOs of firms that did not have layoffs, reports Craig Rennie, assistant professor of finance, University of Arkansas, Fayetteville.