Lay-offer

A 'lay-offer' (or 'layoff') refers to the act of terminating the employment of a worker or workers, usually due to financial difficulties, restructuring, or a reduction in the workforce. This often involves permanently dismissing employees from their jobs. The decision is typically made by the employer and can affect a single employee or a large group. It's a sensitive process and the consequences can be severe for the affected individuals, often leading to unemployment and financial hardship. Layoffs can happen in a specific division or across the whole organisation.

Lay-offer meaning with examples

• Due to declining sales, the company announced a significant lay-off. Many employees in the marketing and sales divisions will be affected. HR will be offering support in terms of job hunting advice to affected staff. The CEO announced the lay-off to retain the core of the company. Severance packages are being offered.
• The tech giant's acquisition of its rival led to a massive lay-off of duplicated roles. Hundreds of engineers and project managers were informed of their terminations. The restructuring left many feeling anxious about their futures. Employees were given notice, and given outplacement services to assist with job searches.
• Facing economic downturn, the airline was forced to implement a lay-off plan, including pilots and flight attendants. The announcement caused significant distress amongst the staff. These cuts are viewed as being important for survival. Unions and employees expressed their dismay over the impact.
• A small business, struggling with cash flow issues, sadly had to consider a lay-off of its staff. The owner weighed alternatives before coming to the hard conclusion. A smaller team would focus on core competencies. This was a tough decision made to preserve the company.