BNET Business Dictionary
Business Definition for: Layoff
- dismissal, often temporarily, from work because a job ceases to exist or because of lack of work. Employees who are laid off may qualify for unemployment compensation. If the layoff process is handled incorrectly, the employer may be faced with claims for unfair dismissal.
- U.K. term Redundancy
Wiktionary Definition for: Layoff
- A dismissal of employees from their jobs because of tightened budgetary constraints or work shortage (not due to poor performance or misconduct).
- # British In football, a ball that has been rolled in front of another player for them to kick.
Additional Resources
- Laid Off? So What?: How To Explain A Layoff At Every Stage Of The Job Search
- It's true that your layoff and the gap on your resume will probably come up, not just during the initial job search right after the layoff, but also during future job hunts. But it doesn't have to derail your search. Be honest about the layoff but to focus your communication...
- White papers 2008-01-01
- Surviving Repeated Waves of Organizational Downsizing: The Duration and Order Effects Associated With Different Forms of Layoff Contact
- This paper examines recency/duration effects of layoff contact, and the order effects associated with different types of layoff contact experiences. Workers employed by a large company engaged in repeated waves of downsizing completed questionnaires in 1997, 1999, and 2003. At each time, they reported the types of layoff contact they...
- White papers 2004-09-03
- Pfizer's Layoff Plan Explained
- Pfizer CEO Jeff Kindler isn't resting in his reorganization of the company. But although that plan is said not to involve layoffs, no one seems to believe it. As such, Pfizer is heading into territory previously ploughed by GlaxoSmithKline, which was plagued by layoff rumors throughout the summer while the...
- Blog posts 2008-10-08
- Telltale Signs Of An Impending Layoff
- Given the current volatility of the economy, many companies are struggling to stay afloat. Often when there is a severe economic downturn, executives must make the decision to layoff employees. Generally the information is held in strict confidence at the highest levels, leaving workers stunned when a layoff is publicly...
- White papers 2009-01-01
- Surviving A Layoff
- It's no secret that we're in an economic recession, and the reality for some is that their company may be downsizing. If you suspect your job is in jeopardy, here are six tips to help you thrive in the event of a layoff. And even if a layoff is not...
- White papers 2009-01-01
- Protecting Company Secrets During a Layoff
- Im a senior manager at a large company, and I just learned that I have to layoff a dozen people. This will come as a shock to the employees and I feel terrible, but Im also very concerned that those who are terminated will steal confidential company documents as a...
- Blog posts 2007-02-28
- Layoff Guidelines and Information
- This article provides suggestions on how to deal with employess layoffs. It inculdes suggestive layoff process and notification. It states that one should avoid blanket promises or guarantees of any kind, such as "No additional employees will be laid off after this round of layoffs." It also suggests that one...
- White papers 2001-10-31
- Protecting Company Secrets During a Layoff
- Protecting Company Secrets During a LayoffSo much for ethics...I disagree entirely. The author seems to have forgotten a basic principle of managing layoffs - that those who are left watch very carefully how you handle those who are leaving. If anyone is going to steal sensitive documents they would have...
- Discussion threads 2007-03-07
- Boeing's Monthly Layoff Figures Worst in a Decade in Washington. (Originated from The Tacoma Morning News Tribune, Wash.)
- Jul. 24--The Boeing Co. disclosed Friday that it laid off 1,021 Washington workers in July, breaking the record for the largest monthly layoff in a decade. Jul. 24--The Boeing Co. disclosed Friday that it laid off 1,021 Washington workers in July, breaking the record for the...
- Research articles 1993-07-25
- American Airlines Issues Layoff Warnings to Employees.(Originated from The Miami Herald)
- Feb. 10--Intensifying the heat under an already simmering pressure cooker, American Airlines issued layoff warnings Friday to most of its 90,000 workers and -- with a strike deadline just a week away -- fortified its war chest with another $2 bill Feb. 10--Intensifying...
- Research articles 1997-02-10
- Both Grass Valley Group and GTE Spacenet will undergo corporate reorganizations, including the layoff of hundreds of employees. GTE Spacenet plans to lay off 350 workers, a third of its total work force. (Brief Article)
- Both Grass Valley Group and GTE Spacenet will undergo corporate reorganizations, includiing the layoff of hundreds of employes. GTE Spacenet plans to lay off 350 workers, a third of its total work force. ... Both Grass Valley Group and GTE Spacenet will undergo corporate...
- Research articles 1993-07-05
- Layoff lowdown.(employees of New World fear staff layoffs after acquisition by News Corp.)(Brief Article)
- Employes at New World are beginning to get word of layoff severance packages now that the FCC has approved News Corp.'s acquisition of the company and New World has notified the rank and file that it expects the deal to close by mid-January. Some s ...
- Research articles 1996-12-02
- Morgan Stanley in Layoff Snafu
- Started by what seems to have been a misinterpretation by a journalist, Morgan Stanley saw its stock price plunge last month after The Wall Street Journal reported the firm was considering a layoff of up to 1,000 brokers. Started by what seems to have been a misinterpretation by a...
- Research articles 2001-05-01
- YAHOO! CHINA DENIED LAYOFF
- AsiaInfo Services 03-26-2007 Yahoo! China Denied Layoff BEIJING, Mar 26, 2007 SinoCast via COMTEX -- Yahoo! China, a subsidiary of China's e-commerce giant Alibaba Group, has no intention to cut jobs, said its newly-nominated president Zeng M AsiaInfo Services ...
- Research articles 2007-03-26
- BAIDU LAUNCHED SUDDEN STAFF LAYOFF
- AsiaInfo Services 07-17-2006 Baidu Launched Sudden Staff Layoff BEIJING, Jul 17, 2006 SinoCast via COMTEX -- On the eve of Baidu's anniversary celebration, an unpleasant news shocked the whole company. Within just several minutes, the Chinese AsiaInfo Services ...
- Research articles 2006-07-17
- Lockheed's Fort Worth, Texas, Unit to Send Out Layoff Notices.(Knight Ridder/Tribune Business News)
- Feb. 23--Lockheed Martin Aeronautics Co. of Fort Worth told its employees yesterday that it will send layoff notices to about 110 salaried and hourly employees this week through March 6. Feb. 23--Lockheed Martin Aeronautics Co. of Fort Worth told its employees yesterday that it...
- Research articles 2000-02-22
- Layoff Notices Are on the Way at AT&T.(Knight Ridder/Tribune Business News)
- Jan. 27--AT&T Corp., the second-largest telecommunications employer in Atlanta, will begin issuing layoff notices to employees in consumer and business long-distance operations as early as next week. Jan. 27--AT&T Corp., the second-largest telecommunications employer in Atlanta, will begin issuing layoff notices to employees in...
- Research articles 2000-01-27
- Amazon.com Employees Struggle with Layoff.(Knight Ridder/Tribune Business News)
- Feb. 1--SEATTLE--As hundreds of Amazon.com Inc. employees absorbed the bombshell of Tuesday's layoff announcement, they struggled to deal with the terms of their dismissal from a company that had epitomized the dot-com dream of openness and employee Feb. 1--SEATTLE--As hundreds of Amazon.com Inc. employees absorbed...
- Research articles 2001-02-01
- Delta Airlines to Layoff Thousands, Outlines Plan.
- M2 PRESSWIRE-9 September 2004-Axcess News: Delta Airlines to Layoff Thousands, Outlines PlanC1994-2004 M2 COMMUNICATIONS LTD RDATE:09092004 AXcess News Atlanta - One of the nation's largest air carriers, Delta Airlines (NYSE: DAL), said it would layoff thousands in an effort to lower...
- Research articles 2004-09-09
- Focus Your Job Search: Limit Your Layoff Time
- This paper explores one incredibly valuable strategy to shortening your layoff time. Simply do one thing: Focus. Determine exactly what you want in your next job. Realize that you are not just looking for a job; you are looking for a very specific job. That is why you need to...
- White papers 2008-10-26
Neighboring Terms
