Layoffs
/ˈleɪˌɔfs/
Definitions
- (n.) The termination of employees' positions by an employer, typically due to economic reasons, downsizing, or restructuring.
The company announced layoffs affecting over 200 workers due to declining profits.
Forms
- layoff
Related terms
See also
Commentary
Layoffs usually imply a temporary or economic-motivated separation distinct from firing for cause; legal notice and severance may be required under some jurisdictions.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.