Looking for the meaning or definition of the word layoff? That's all it means.
a suspension of work duties because the company doesn’t have enough business or money
layoff(noun)the act of laying off an employee or a work force
the termination of the employment of an employee or a work force often temporarilyeven senior employees lost their jobs in the massive layoff
a period of often involuntary inactivity or idlenessafter such a long layoff the boxer badly needed to get back into shape
to bring (as an action or operation) to an immediate endyou need to lay off eating those jelly doughnuts, or you'll end up looking like one
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