layoff

lay|off /l'eɪɒf, AM -ɔːf/ (layoffs)
1 [N-COUNT] usu pl
When there are layoffs in a company, workers are told by their employers to leave their job, usually because there is no more work for them in the company. (BUSINESS)
It will close more than 200 stores nationwide resulting in the layoffs of an estimated 2,000 employees.
2 [N-COUNT]
A layoff is a period of time in which people do not work or take part in their normal activities, often because they are resting or are injured.
They both made full recoveries after lengthy injury layoffs.

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