A "job layoff" means that an employee is being temporarily or permanently let go from their job by the company they work for. It usually happens when a company is facing financial difficulties or needs to downsize.
Sentences with «job layoff»
They can take the form of job layoffs, rising utility costs and lowered wages. (titleloans-missouri.com)
The automotive industry, one of the country's greatest economic drivers, is in the midst of job layoffs. (remonline.com)