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What is a layoff?

What is a layoff? Here are some definitions.

Noun
  1. (chiefly US) A dismissal of employees from their jobs because of tightened budgetary constraints or work shortage (not due to poor performance or misconduct).
  2. A period of time when someone is unavailable for work.
  3. (Britain, soccer) A short pass that has been rolled in front of another player for them to kick.
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Examples
Indeed, sometimes even a layoff can carry within it the seeds of future success, and you can wrest something positive from the jaws of rejection.
Still, union workers have fared better than nonunionized employees in terms of their layoff conditions.
I recently asked a skilled worker, who enjoys a fairly comfortable standard of living, how he would be affected by a prolonged layoff.
And yesterday, in a rusty performance by both teams after a month layoff, even their exhibition game ended in a split with a 5-5 draw.
Management officials disciplined all of them with punishments ranging from a one-week layoff to discharge.
It will be interesting to see how Greer, traditionally a slow starter, responds to the long layoff.

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