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Definitions from WordNet

Definitions from the Web

Layoffs

Noun:

A situation in which a company dismisses a significant number of employees, usually due to economic reasons such as budget cuts or downsizing.

Example sentences:

• After the financial crisis, the company had to implement layoffs to cope with the loss in revenue.
• Many employees fear layoffs during times of economic downturns.

Verb:

The act of dismissing or terminating employees from a company or organization due to economic reasons.

Example sentences:

• The company had to lay off almost half of its workforce to survive the recession.
• The management decided to lay off several employees as part of their cost-cutting efforts.

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