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 ?
Driving these changes is a belief that seniority-based layoff policies may have negative consequences for student achievement.
For merit compensation system employees subject to layoff, a 30-day notice of the layoff must also be provided by the agency.
Last year, several large law firms were brave enough to discuss their layoffs of both staff and attorneys publicly, and many more did it quietly.
It's going to come down to what each individual selectman wants - layoffs or go into our savings," Mr.
12) Developing clear rules and procedures and tasking committees composed of several managers to oversee the layoff process can demonstrate to employees that the process is not arbitrary or subject to the whim of a particular manager.
Answer: There really aren't any laws that speak to layoff and recall criteria other than the general prohibitions on discrimination and retaliation.
However, extended layoffs are not an atypical feature of a healthy economy.
Changes in CEO compensation after layoffs resulted in higher pay levels that persist," Rennie concludes.
5 percent for CEOs of layoff firms the year before the layoffs occurred.
PALMDALE - Palmdale School District trustees have accepted an administrative law judge's ruling that affirmed the layoffs of 10 teachers.
Employers can use the program if employees are temporarily working reduced hours or have been placed on layoff status for no more than two consecutive weeks.