The term Layoff Beard refers to any facial hair that is grown in celebration of unemployment. Qualifying events include getting: canned, fired, axed, pink-slipped, downsized, marginalized, shown the door, let go, dismissed, let go, or laid off.

Layoff Beards were popularized in fall 2008 by the website TheCanned.com, which runs an unemployment-themed blog titled "The Layoff Beard."
There are a lot of bankers out there who have grown ferocious layoff beards following the financial crisis of 2008.
by deaconblues February 12, 2009
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Not shaving after being given termination of work notice. Play off of Playoff Beard
Now that I don't have to worry about work, I'll focus on growing the layoff beard
by Autzens12thman December 28, 2009
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"Layoff beard" derives from "playoff beard." A layoff beard is a worn by an unemployed person until he gets a job.

The word's meaning can also be extended to include a law student who decides not to shave until he passes the bar exam.
Your layoff beard is quite fierce, broseph. And I applaud the pajamas-in-public look, too. It's quite...unique.
by Ae5Ea8 February 10, 2015
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