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layoff
/ˈleɪˌɑːf/
US
UK
noun
plural -offs
[count] the act of ending the employment of a worker or group of workers
The
company
announced
the
layoff
of
several
hundred
employees
.
More
layoffs
are
expected
at
the
factory
later
this
year
. -
see
also
lay
off
at
1
lay
a period of time during which there is no activity
The
band
finally
has
a
new
album
after
a
three
year
layoff.
a
layoff
of
three
years
US