What's the noun for layoffs? Here's the word you're looking for.
layoff
(chiefly US) A dismissal of employees from their jobs because of tightened budgetary constraints or work shortage (not due to poor performance or misconduct).
A period of time when someone is unavailable for work.
(Britain, soccer) A short pass that has been rolled in front of another player for them to kick.
“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.”