Layoff

/lˈeɪˌɔf/

C1

Definition

(noun) A dismissal of employees from their jobs because of tightened budgetary constraints or work shortage (not due to poor performance or misconduct).

Sentence Examples

Research in Motion announced the layoff of 2000 employees and a restructuring of the company.

CEFR Practice Quiz

Many workers were worried about a potential ____ after the company announced a major restructuring plan tonight.