layoff

Definition

The elimination of jobs, often without regard to employee performance, usually when a company is experiencing financial difficulties.

Use layoff in a sentence

It was one of the only large companies last year that did not layoff a percentage of their workers, but this year it may need to.

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My mother suffered a layoff from her job of 13 years because the company wanted to save money by outsourcing the work to mexico to save money.

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The employees had heard that there would be a mass company wide layoff, and they all were hoping they would be one of the few who got to keep their job.

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