layoff Meaning and Definition
Object reference not set to an instance of an object.Object reference not set to an instance of an object.
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A layoff (in British and American English) or retrenchment in (South African English) is the temporary suspension or permanent termination of employment of an employee or (more commonly) a group of employees (collective layoff) for business reasons, such as when certain positions are no longer necessary or when a business slow-down occurs.
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