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.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
References in periodicals archive ?
If my employer lays off an employee, does this mean the employee is redundant from that job?
From: Frank SantafedeSent: Wed 2/27/2008 2:55 PMSubject: Philadelphia Newspapers Lays off 68 Guild Members
No CEO wants his or her company to be unable to hire the best because it is known as the company that lays off people to tune up its quarterly profit-and-loss statement.