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Home > QFINANCE Dictionary > Definition of lay off

Definition of

lay off

  • 1.

    terminate somebody's employment because of too little work to dismiss an employee or employees permanently because there is insufficient work to occupy them

  • 2.

    temporarily stop somebody's employment to suspend an employee or employees temporarily because there is insufficient work to occupy them

Recommended Further Reading (Term count)
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Definitions of ’lay off’ and meaning of ’lay off’ are from the book publication, QFINANCE – The Ultimate Resource, © 2009 Bloomsbury Information Ltd. Find definitions for ’lay off’ and other financial terms with our online QFINANCE Financial Dictionary.

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