layoff
noun
A dismissal of employees from their jobs because of tightened budgetary constraints or work shortage (not due to poor performance or misconduct).
Example sentence
- “The company announced hundreds of layoffs.”
Related words
resignTo voluntarily leave (a job or position), in particular a hard-fought position of high status.demotionAn act of demoting; a lowering of rank or status.recruitTo enroll or enlist new members or potential employees on behalf of an employer, organization, sports team, the military, etc.raiseTo cause to rise; to lift or elevate.candidateA person who seeks to be elected or appointed to a position or privilege.pensionAn annuity paid regularly as benefit due to a retired employee, serviceman etc.