noun
- the act of dismissing employees from their jobs, typically due to economic reasons or company restructuring
- a period of time when someone is not working or is inactive
Usage: informal
Examples
- The company announced a layoff of 200 workers due to budget cuts.
- Many employees were worried about potential layoffs during the recession.
- After the layoff, she decided to go back to school.
- The factory layoff affected the entire community.
- He took a layoff from training to recover from his injury.
- The layoff gave her time to spend with family.