The temporary separation of workers from their jobs. The situation occurs when companies must let workers go for lack of work. [D02946] PMDT

Respondents are classified as on layoff if they are waiting to be recalled to a job from which they were temporarily separated for business-related reasons, such as temporary drops in demand, business downturns, plant remodeling, material shortages, and inventory taking. They must either have been given a date to report back to work or expect to be recalled to their job within six months.

A temporary termination of employees, or the elimination of jobs, during periods of economic downturn or organizational restructuring.

A temporary separation dictated by the level of business a company is experiencing.

The termination of employment due to the abolishment of a position from the University position authorizations. Positions may be abolished as a result of a shortage of funds, shortage of work, or a material change in the duties or organizational mission of the University.

The elimination of jobs, often without regard to employee performance, usually when a company is experiencing financial difficulties. Also, to eliminate all or part of a holding by finding customers or other dealers to take it.

the act of laying off an employee or a work force

an involuntary separation from employment or an involuntary transfer to a limited appointment of a career employee

a reduction in the number of employees within the Department due to lack of work, lack of funds, or for any reason other than the acts or delinquencies of the employee

a separation from employment or reduction in percentage of appointment because of budgetary reasons or lack of work which may be caused by reasons such as programmatic change or reorganization

a termination initiated by the University because of discontinuance of a position, a lack of work or a lack of funds

The process by which workers are removed from the active payroll to the inactive payroll during a reduction-in-force (RIF).

1. When a company eliminates jobs regardless of how good the employees' performance. 2. A risk reduction, made by investment bankers, that minimizes the potential downside associated with a commitment to purchase and sell a stock issue unsubscribed by stockholders holding rights.

Used in the context of general equities. Eliminate all or part of a position by finding customers or other dealers to take them.

For other than performance or wrongdoing, an employee is no longer on the payroll of a business. A layoff is usually the result of a downturn in the economy, lower profit margins, or a paring down of business operations.

A layoff is the termination of employment of an employee or (more commonly) a group of employees for business reasons, such as the decision that certain positions are no longer necessary. Originally the term "layoff" referred specifically to a temporary interruption in work, as when factory work cyclically falls off. However, the term has long been applied also to the permanent elimination of positions as a cost-cutting measure (or for other reasons).