Layoff

layoff[1] or downsizing is the temporary suspension or permanent termination of employment of an employee or, more commonly, a group of employees (collective layoff)[2] for business reasons, such as personnel management or downsizing (reducing the size of) an organization. Originally, layoff referred exclusively to a temporary interruption in work, or employment[3] but this has evolved to a permanent elimination of a position in both British and US English,[1][failed verification] requiring the addition of “temporary” to specify the original meaning of the word. A layoff is not to be confused with wrongful terminationLaid off workers or displaced workers are workers who have lost or left their jobs because their employer has closed or moved, there was insufficient work for them to do, or their position or shift was abolished (Borbely, 2011)

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