Meaning of the word layoff in English

What does layoff mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

layoff

US /ˈleɪ.ɑːf/
UK /ˈleɪ.ɑːf/
"layoff" picture

Noun

1.

a temporary or permanent termination of employment by an employer, often due to economic conditions or restructuring, rather than an employee's performance

Example:
The company announced a massive layoff of 500 employees.
Many workers faced layoffs during the economic downturn.
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