IPA: /ˈleɪˌɔf/
KK: /ˈleɪˌɔf/
The act of dismissing an employee from their job, usually due to a lack of work or company changes.
Due to budget cuts, the company announced a layoff of several employees.
Layoff → The word is formed from "lay" (from Old English "leah", meaning to put down or place) and "off" (meaning away or apart). The term "layoff" refers to the act of putting someone away from their job, often temporarily or permanently, due to economic reasons.
Think of 'laying' someone 'off' as putting them 'away' from their job, which helps you remember that a layoff means they are no longer working.