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English definition of “layoff”

layoff

noun [C] (also lay-off)     /ˈleɪɒf/ HR
the act of ending a worker's job, sometimes temporarily, usually because there is not enough work to do: Workers have been warned to expect further layoffs. Layoff notices are expected when business slows after Christmas.
a period when someone is not working because their job ended or they were forced to leave it: long/short/temporary layoff A long layoff can help a budget but it can make workers less productive when they return.
(Definition of layoff noun from the Cambridge Business English Dictionary © Cambridge University Press)
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