Background for layoff
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layoff

/ˈleɪɔf/

Meanings
noun
(chiefly US) A dismissal of employees from their jobs because of tightened budgetary constraints or work shortage (not due to poor performance or misconduct).

Examples :

"The company announced a layoff of 20 employees due to declining sales. "
job business economy organization work industry finance

Related Words

Illustration dismissal

dismissal noun

[dɪsˈmɪsəɫ]

The act of sending someone away.

"The teacher announced the early dismissal due to the snowstorm. "

Illustration shortage

shortage noun

/ˈʃɔːrtɪdʒ/ /ˈʃɔːrtɪdʒ/

A lack or deficiency; an insufficient amount.

"There was a shortage of pencils in the classroom, so students had to share. "

Illustration budgetary

budgetary adjective

/ˈbʌdʒɪteri/ /ˈbʌdʒɪtəri/

Of or pertaining to a budget.

"The school board made some difficult budgetary decisions, including cutting the after-school program. "

Illustration employees

employees noun

/ɪmˈplɔɪiːz/ /ˌemplɔɪˈiːz/

An individual who provides labor to a company or another person.

"One way to encourage your employees to work harder is by giving them incentives."

Illustration quarterback

quarterback noun

/ˈkwɔːrtərbæk/ /ˈkwɔːɾərbæk/

An offensive back whose primary job is to pass the ball in a play.

"The quarterback threw a long pass to the wide receiver during the school football game. "

Illustration tightened

tightened verb

/ˈtaɪtənd/ /ˈtaɪʔənd/

To make tighter.

"Please tighten that screw a quarter-turn."

Illustration declining

declining verb

/dɪˈklaɪnɪŋ/

To move downwards, to fall, to drop.

"The dollar has declined rapidly since 2001."

Illustration unavailable

unavailable noun

/ˌʌnəˈveɪləbl/ /ˌʌnəˈveɪləbəl/

(history) A communist who operated underground and was therefore not available for a political leadership position.

"The unavailable was a key figure in the resistance movement, operating secretly and therefore not able to take on a leadership role in the official government. "

Illustration constraints

constraints noun

/kənˈstɹeɪnts/

Something that constrains; a restriction.

"Due to time constraints, I couldn't finish all the questions on the test. "

Illustration announced

announced verb

/əˈnaʊnst/ /əˈnaʊnstɪd/

To give public notice, especially for the first time; to make known

"The teacher announced that there would be no school tomorrow due to the snow. "

Illustration misconduct

misconduct noun

/mɪsˈkɒndʌkt/ /mɪskənˈdʌkt/

Behavior that is considered to be unacceptable.

"The student's misconduct resulted in a detention. "

Illustration performance

performance noun

[pə.ˈfɔː.məns] [pɚ.ˈfɔɹ.məns]

The act of performing; carrying into execution or action; execution; achievement; accomplishment; representation by action.

"the performance of an undertaking or a duty"