layoff
/ˈleɪˌɒf/The act of dismissing employees, often due to economic downturns or restructuring.
Mass layoffs occurred during the economic recession.
Many people lost their jobs when the economy was bad.
The tech startup conducted layoffs to reduce costs.
The new company fired employees to save money.
Layoffs are often temporary, but can become permanent if the company does not recover.
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💡Pro Tip
Formal vs. Informal Usage
Use 'layoff' in formal business contexts. 'Fired' is more casual and implies fault.
⚡Gold Rule
Neutral Term
Layoffs are usually due to business reasons, not employee performance.
📖Word Origin
From 'lay off' (to put aside), first used in the 19th century to describe temporary work stoppages.
📝Usage Notes
Layoffs are often temporary, but can become permanent if the company does not recover. The term is neutral, unlike 'firing,' which implies wrongdoing.