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What is the noun for laying off?

What's the noun for laying off? Here's the word you're looking for.

layoff
  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.
  4. Synonyms:
  5. Examples:
    1. “Barnette confirmed that he expressed his displeasure that he had not received notice of the layoff from the Company.”
      “By the time I got to my third career layoff, I had done my homework and felt prepared for the blow.”
      “The November-December layoff in production was the most trying season, since it coincided with the decline in the availability of local food supplements.”
layoffs
  1. plural of layoff
  2. Synonyms:
  3. Examples:
    1. “The contract prohibits layoffs unless prompted by events beyond the company's control.”
      “Along with bolstering savings, workers are looking to microbusinesses as a hedge against the risk of layoffs or pay cuts.”
      “The unions protested against wage cuts and layoffs for public sector workers.”
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