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

Facebook Layoffs

Getting rid of all your "friends" that you now don't talk to, care about, have never met, or just now "dislike." Similar to a company trimming the fat in the their labor force.

Just went through a round of facebook layoffs... and man, it feels good.

by Carbomb May 17, 2011

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

Mir layoff

Whenever an athlete (particularly a combat sports athlete) suffers a major injury and takes a long time (1 year or more) before returning to competition. Made famous by Frank Mir who shattered his femur shortly after winning the UFC Heavyweight Championship.

After tearing his ACL in October 2008, Patrick Cote had a nice Mir Layoff before coming back against Alan Belcher in May 2010.

by CyberFreq May 7, 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