The practice used by marginally profitable companies to compensate for ineffective management by releasing people from their employment.
Even after the layoff, the company still could not get into the black.
by Way Cool Rich May 03, 2007
2 more definitions
Leave alone, stop being mean to.
"Lay off me, I'm a good bloke"
by bluebone62 August 16, 2011
Means to be fired from the job
The company about to layoff 100,000 employees.
by David Kofoed Wind May 05, 2007