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Acronyms that contain the term lay-off
What does lay-off mean? This page is about the various possible meanings of the acronym, abbreviation, shorthand or slang term: lay-off.
Term | Definition | Rating |
---|---|---|
LH | Lay Hands | |
LOH | Lay On Hands | |
LEM | Lay Eucharistic Minister | |
WILD | Walk In Lay Down | |
OLEM | Office for Lay Ecclesial Ministry | |
LIFE | Lay Involvement For Evangelism | |
HELP | Health Education for Lay People | |
PIZ | Point Lay, Alaska USA | |
SMILE | Special Ministry In Lay Evangelism | |
VLD | Visual Lay-down Delivery | |
LDS | Lay Down The Silver | |
HELP | Health and Education for Lay People | |
BIBLE | Businessmen In the Bible snd Lay Evangelism | |
LDAR | Lay Down And Rot | |
LLMP | Lakes Lay Monitoring Program | |
DLB | Derrick Lay Barge | |
NALM | National Association for Lay Ministry | |
LEMP | Lay Ecclesial Ministry Program | |
LLLM | Lay Liturgical Leadership Ministry | |
LLLM | Lay Liturgical Leadership Ministry | |
WMLD | Working Man Lay Down | |
FLNA | Frito Lay North America | |
ILEM | Institute for Lay Ecclesial Ministry | |
HLU | Hand Lay-Up | |
MLFI | Marianist Lay Formation Initiative |
What does lay-off mean?
- lay-off
- A layoff or downsizing 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 personnel management or downsizing (reducing the size of) an organization. Originally, layoff referred exclusively to a temporary interruption in work, or employment but this has evolved to a permanent elimination of a position in both British and US English, requiring the addition of "temporary" to specify the original meaning of the word. A layoff is not to be confused with wrongful termination. Laid off workers or displaced workers are workers who have lost or left their jobs because their employer has closed or moved, there was insufficient work for them to do, or their position or shift was abolished (Borbely, 2011). Downsizing in a company is defined to involve the reduction of employees in a workforce. Downsizing in companies became a popular practice in the 1980s and early 1990s as it was seen as a way to deliver better shareholder value as it helps to reduce the costs of employers (downsizing, 2015). Research on downsizing in the US, UK, and Japan suggests that downsizing is being regarded by management as one of the preferred routes to help declining organizations, cutting unnecessary costs, and improve organizational performance. Usually a layoff occurs as a cost-cutting measure.
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"lay-off." Abbreviations.com. STANDS4 LLC, 2024. Web. 23 May 2024. <https://www.abbreviations.com/lay-off>.
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