layoff

layoff definition - business

layoff

  1. An employer-initiated reduction in the number of employees. For example, in 2006 a major electronics company announced a layoff of over 10,000 employees.
  2. The allocation of unsold shares to syndicate members from a new issue rights offering by the managing underwriter.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

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