layoffs - meaning and definition. What is layoffs
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What (who) is layoffs - definition

TEMPORARY LEAVE OF EMPLOYEES DUE TO SPECIAL NEEDS OF A COMPANY OR EMPLOYER, WHICH MAY BE DUE TO ECONOMIC CONDITIONS OF A SPECIFIC EMPLOYER OR IN SOCIETY AS A WHOLE
Layoffs; Reduction in force; Reduction in Force; Laid Off; Redundancy (law); Force Shaping; Lay-off; Rightsize; Workforce reduction; Temporary layoff; Laid off; Rightsizing; Redundancy pay; Personnel downsizing; Laid-off; Redundancy payment; Redundancy payments; Displaced workers; Right sizing; Made redundant; Laying off

layoff         
(layoffs)
1.
When there are layoffs in a company, workers are told by their employers to leave their job, usually because there is no more work for them in the company. (BUSINESS)
It will close more than 200 stores nationwide resulting in the layoffs of an estimated 2,000 employees.
N-COUNT: usu pl
2.
A layoff is a period of time in which people do not work or take part in their normal activities, often because they are resting or are injured.
They both made full recoveries after lengthy injury layoffs.
N-COUNT
layoff         
¦ noun
1. a temporary or permanent discharge of a worker or workers.
2. a period during which someone is unable to take part in a sport or other activity due to injury or illness.
rightsize         
¦ verb chiefly US convert to an optimum size, in particular shed staff from (an organization).

Wikipedia

Layoff

A layoff or downsizing is the temporary suspension or permanent termination of employment of an employee or, more commonly, a group of employees (collective layoff) for business reasons, such as personnel management or downsizing (reducing the size of) an organization. Originally, layoff referred exclusively to a temporary interruption in work, or employment but this has evolved to a permanent elimination of a position in both British and US English, requiring the addition of "temporary" to specify the original meaning of the word. A layoff is not to be confused with wrongful termination. Laid off workers or displaced workers are workers who have lost or left their jobs because their employer has closed or moved, there was insufficient work for them to do, or their position or shift was abolished (Borbely, 2011). Downsizing in a company is defined to involve the reduction of employees in a workforce. Downsizing in companies became a popular practice in the 1980s and early 1990s as it was seen as a way to deliver better shareholder value as it helps to reduce the costs of employers (downsizing, 2015). Research on downsizing in the US, UK, and Japan suggests that downsizing is being regarded by management as one of the preferred routes to help declining organizations, cutting unnecessary costs, and improve organizational performance. Usually a layoff occurs as a cost-cutting measure. A study of 391 downsizing announcements of the S&P 100 firms for the period 1990-2006 found, that layoff announcements resulted in substantial increase in the companies’ stock prices, and that the gain was larger, when the company had prior layoffs. The authors suggested, that the stock price manipulation alone creates a sufficient motivation for publicly-traded corporations to adopt the practice of regular layoffs.

Examples of use of layoffs
1. The state with the biggest drop in layoffs was Wisconsin, which experienced a decline of 1,382, reflecting fewer layoffs in construction, trade, services and manufacturing.
2. There have been municipal layoffs, and more are possible.
3. The layoffs follow the acquisition six months ago of S.
4. Mining companies have given other reasons for the layoffs.
5. Immediate layoffs are not expected at Freddie Mac, either.