layoff

Meaning

Noun

• A dismissal of employees from their jobs because of tightened budgetary constraints or work shortage (not due to poor performance or misconduct).
• A period of time when someone is unavailable for work.
• A short pass that has been rolled in front of another player for them to kick.
• A bet that is laid off, i.e. placed with another bookmaker in order to reduce risk.

Related

Similar words

• : downsizing, reduction in force, redundancy

Origin

• From the verb phrase lay off.