lay-off
Workforce reduction action
A lay-off is the termination of employment, typically because the employer no longer needs the position rather than because the employee performed poorly: The company announced mass lay-offs after losing the contract.
The term softens what is essentially being fired for economic reasons.
Also spelled layoff.
To lay off workers is to dismiss them this way; to lay off something informally means to stop doing it: Lay off the junk food.
Reducing workforce or scale
- restructuringRearranging an existing framework
- severanceTermination pay or disconnection
- terminationAct of ending something
- redundancyNeedless duplication
dismissal · retrenchment · pink slip · notice · workforce reduction · let go · separation · discharge
State aid for jobless workers
- severance payCompensation upon job termination
- joblessLacking paid employment
- out-of-workWithout a job
- financial strainDifficulty meeting monetary obligations
uncertainty · anxiety · stress · bills · savings · mortgage · debt · insurance
Prolonged economic decline
- downturnEconomic decline period
- cost-cuttingReducing expenditures deliberately
- outsourcingThird-party task delegation
- offshoringMoving work overseas
streamlining · cutbacks · closure · shutdown · realignment · efficiency · automation · merger
Career summary document
- cover letterJob application preface
- interviewFormal questioning session
- networkingBuilding professional relationships
- LinkedInProfessional networking platform
application · job board · recruiter · headhunter · career fair · Glassdoor · references · portfolio
downsizing
Reducing workforce or scale
- restructuringRearranging an existing framework
- severanceTermination pay or disconnection
- terminationAct of ending something
redundancy · dismissal · retrenchment · pink slip · notice · workforce reduction · let go · separation · discharge · sacking
unemployment benefits
State aid for jobless workers
- severance payCompensation upon job termination
- joblessLacking paid employment
- out-of-workWithout a job
financial strain · uncertainty · anxiety · stress · bills · savings · mortgage · debt · insurance · COBRA
recession
Prolonged economic decline
- downturnEconomic decline period
- cost-cuttingReducing expenditures deliberately
- outsourcingThird-party task delegation
offshoring · streamlining · cutbacks · closure · shutdown · realignment · efficiency · automation · merger · acquisition
resume
Career summary document
- cover letterJob application preface
- interviewFormal questioning session
- networkingBuilding professional relationships
LinkedIn · application · job board · recruiter · headhunter · career fair · Glassdoor · references · portfolio · qualifications
lay-offhiring
Giving someone work
recruitment · hire · onboarding · employment · engagement
lay-offjob offer
Formal employment invitation
employment · recall · reinstatement · rehiring · tenure
lay-offexpansion
Increase in scope
hiring spree · recruitment drive · growth · scaling up · talent acquisition