LAYOFF
layoff
(noun) the act of laying off an employee or a work force
Source: WordNet® 3.1
Etymology
Noun
layoff (plural layoffs)
(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.
(British, football) A short pass that has been rolled in front of another player for them to kick.
Synonyms
• (dismissal of employees): downsizing, reduction in force, redundancy
Anagrams
• Offaly, offlay
Source: Wiktionary