HR Glossary

What is Layoff?

An employer-initiated separation where workers are terminated due to business reasons like cost-cutting, restructuring, or declining demand, not because of individual performance or misconduct.

Why it matters in hiring

Layoff comes up whenever teams compare candidates, set policy or report on people data. Getting the definition right keeps decisions consistent, which is the same reason springhire scores every applicant against the same criteria rather than on impression.

Related terms starting with L

• Labor Law
• Lateral Hiring
• Leadership Development Program
• Learning Management System (LMS)
• Learning Pathway
• Life Insurance
• Living Wage
• Lohnsteuer - Wage Tax (Germany)

Part of the springhire HR glossary, 1,150+ HR, payroll and recruiting terms defined. Free, no signup.