Definition of "layoff" in Englisch

noun

1. (chiefly US) A dismissal of employees from their jobs because of tightened budgetary constraints or work shortage (not due to poor performance or misconduct).

2. A period of time when someone is unavailable for work.

3. (British, soccer) A short pass that has been rolled in front of another player for them to kick.

4. A bet that is laid off, i.e. placed with another bookmaker in order to reduce risk.