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English definition of “layoff”

layoff

noun (also lay-off)     /ˈlei.ɒf/ US  /-ɑːf/
[C often plural] an occasion when a company stops employing someone, sometimes temporarily, because the company does not have enough money or enough work: The recent economic crisis has led to massive layoffs.Firing staff and being fired [C usually singular] a period when someone is not working or playing sport: Foster is playing again after a six-week layoff due to injury.Passive and not working
(Definition of layoff noun from the Cambridge Advanced Learner's Dictionary & Thesaurus © Cambridge University Press)
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