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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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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 ?
The prevailing view is that temporary layoffs are largely a thing of the past and that their use is limited to a small number of industries such as durable goods manufacturing and construction.
Table 2 shows that repeat use among displaced workers was much lower than among workers on temporary layoff, but substantial nevertheless.
Under certain mitiagating circumstances such as worker training, sickness jury duty and temporary layoffs, the U.S.
The relationship between temporary layoffs and experience rating in the UI system has been studied by several investigators.
The 2005 supplement indicated that people from this group were less likely to apply for benefits than job losers on temporary layoff or other job losers.
Many were counted as unemployed and were considered on temporary layoff.
8, may show a rise in the unemployment rate because of the temporary layoff of government workers and contractors.
Suominen reacted to the lower demand during the first quarter with a shutdown for the winter holidays and a short temporary layoff period affecting its entire staff.
Unemployed job losers are those who lost their jobs involuntarily; they include persons on temporary layoff (awaiting recall) and those not on layoff--permanent job losers and persons who completed temporary jobs.
Focusing more on policies that specifically target displaced workers, rather than - as in the case of the unemployment insurance system - all unemployed workers (many of whom are labor market entrants, seasonal workers, and workers on temporary layoff) might also have led to a more focused and useful treatment.

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