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What does lay off mean?

Looking for the meaning or definition of the word lay off? Here's what it means.

Verb
  1. (transitive, chiefly US) (of an employer) To dismiss (workers) from employment, e.g. at a time of low business volume, often with a severance package.
  2. (transitive) (of a bookmaker) To place all or part of a bet with another bookmaker in order to reduce risk.
  3. (transitive, idiomatic) To cease, quit, stop (doing something).
  4. (transitive and intransitive, idiomatic) To stop bothering, teasing, or pestering someone; to leave (someone) alone.
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Examples
They are bounteously gifted filmmakers, but sometimes you just want them to lay off the irony and climb down here with the groundlings.
Cliona seemed to treat my recent resignation as an involuntary termination or lay off.
He knows when to sprinkle his company saga with telling anecdotes and when to lay off the technobabble.
You can lay off cards on your own melds, and on those of your partner and opponents.
Under the proposed new legislation it would be easier for employers to lay off and sack certain categories of workers.
Late yesterday evening the former pilot boat was towed past its replacement, HMS Wilton, as it lay off Southend Pier.

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