Lay off(redirected from lays off)
Also found in: Dictionary, Thesaurus, Medical, Legal, Idioms, Encyclopedia.
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.
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