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layoff
(redirected from Personnel downsizing)

    Also found in: Legal, Financial, Wikipedia 0.01 sec.
lay·off  (lôf, -f)
n.
1. The act of suspending or dismissing an employee, as for lack of work or because of corporate reorganization.
2. A period of temporary inactivity or rest.
ThesaurusLegend:  Synonyms Related Words Antonyms
Noun1.layoff - the act of laying off an employee or a work forcelayoff - the act of laying off an employee or a work force
closedown, shutdown, closing, closure - termination of operations; "they regretted the closure of the day care center"
layoff
noun unemployment, firing (informal), sacking (informal), dismissal, discharge The closure will result in layoffs of an estimated 2000 employees.
Translations
layoff [ˈleɪɒf] n → licenciement m
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Meanwhile, as for personnel downsizing, the Company recognizes that it is difficult to proceed with further personnel downsizing because solicitation of voluntary retirement was conducted in March 2006, resulting in the reduction of 79 employees, and a total of approximately 100 employees were reduced, including those who retired before and after the solicitation of voluntary retirement (the number of employees as of March 31, 2006 decreased by 27% from the end of the previous term).
[Charle Co., Ltd.] Reception of Results of Review Conducted by the ... by Business Wire
 
 
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