1. the dismissal of employees from their jobs, typically due to economic reasons or company restructuring
Usage: plural form of layoff

Examples

• The company announced massive layoffs affecting 500 workers.
• Recent layoffs in the tech industry have left many skilled workers unemployed.
• The factory closure resulted in layoffs for the entire workforce.
• Economic uncertainty led to widespread layoffs across multiple sectors.
• She lost her job during the latest round of layoffs.
• The union negotiated to minimize layoffs during the restructuring.
• Seasonal layoffs are common in the tourism industry.