layoff

(noun)

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

Related Terms

  • Samuel Gompers
  • Knights of Labor
  • strike

Examples of layoff in the following topics:

  • The Stimulus Package and the Occupy Movement

    • It also helped prevent layoffs and wage cuts.
  • The Rise of Unions

    • In times of economic depression, layoffs and wage cuts angered the workers, leading to violent labor conflicts in 1877 and 1894.
Subjects
  • Accounting
  • Algebra
  • Art History
  • Biology
  • Business
  • Calculus
  • Chemistry
  • Communications
  • Economics
  • Finance
  • Management
  • Marketing
  • Microbiology
  • Physics
  • Physiology
  • Political Science
  • Psychology
  • Sociology
  • Statistics
  • U.S. History
  • World History
  • Writing

Except where noted, content and user contributions on this site are licensed under CC BY-SA 4.0 with attribution required.