noun a temporary or permanent dismissal of employees by their employer
verb to dismiss or terminate the employment of someone
In the business field, 'lay off' refers to the act of terminating employees due to reasons such as downsizing, restructuring, or financial difficulties.
In economics, 'lay off' can be used to discuss the impact of workforce reductions on unemployment rates and overall economic health.
In HR, 'lay off' is used to describe the process of letting go of employees in a systematic and legally compliant manner.
In labor relations, 'lay off' may be used in the context of negotiations between employers and unions regarding layoffs and rehiring processes.
In the publishing industry, writers may face lay offs if a company is downsizing or restructuring.
During times of budget cuts, a psychology department at a university may have to lay off some of its staff members.
In the tech industry, software engineers may be laid off if a project is cancelled or if a company is facing financial difficulties.
School districts may have to lay off teachers if there is a decrease in student enrollment or if there are budget constraints.
During an economic downturn, accounting firms may have to lay off accountants to reduce costs.