layoff

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 21, 2007

layoff

Means to be fired from the job

The company about to layoff 100,000 employees.

by David Kofoed Wind May 18, 2007

Layoff Beard

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 11, 2009

Layoff Buffer

The people who work slower than you. If a layoff happens you can feel confident that you are secure because these people will act as a layoff buffer.

I am not worried about a layoff because Ron still works here and he is my Layoff Buffer.

by doctoroctos September 30, 2010

Layoff Squatter

Someone who camps out in, or moves into an office (see Layoffice) recently vacated by layoffs.

Who's that guy in Joe's office? Ah, he's just a layoff squatter.

by Biff Turkle July 14, 2009

layoff beard

"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 9, 2015

Layoff Beard

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, 2008