Usually means: Temporarily or permanently cease employment.
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We found 28 dictionaries that define the word lay off:

General (19 matching dictionaries)
  1. lay off: Longman Dictionary of Contemporary English
  2. lay off: Merriam-Webster
  3. lay off: Oxford Learner's Dictionaries
  4. lay off: Collins English Dictionary
  5. lay off: Vocabulary.com
  6. lay-off: Wordnik
  7. lay-off: Cambridge Advanced Learner's Dictionary
  8. lay off: Wiktionary
  9. lay off: Dictionary.com
  10. Lay-off, Lay off (bookmaking), Lay off: Wikipedia, the Free Encyclopedia
  11. lay off: Rhymezone
  12. lay off: Phrasal Verb Page
  13. lay off: FreeDictionary.org
  14. lay off: Mnemonic Dictionary
  15. lay-off, lay off: TheFreeDictionary.com
  16. lay off (sth/sb): Cambridge Advanced Learner's Dictionary
  17. lay-off: Wiktionary

Business (5 matching dictionaries)
  1. MoneyGlossary.com (No longer online)
  2. Lay off: Bloomberg Financial Glossary
  3. Dictionary of Management Jargon (No longer online)
  4. Lay-off, lay off: Legal dictionary
  5. Lay-off, Lay off: Financial dictionary

Computing (1 matching dictionary)
  1. lay off: Encyclopedia

Medicine (1 matching dictionary)
  1. lay off: Medical dictionary

Miscellaneous (1 matching dictionary)
  1. lay off: Idioms

Slang (1 matching dictionary)
  1. Lay off: Dublin Slang and Phrasebook

(Note: See lay_offs as well.)

Definitions from Wiktionary (lay off)

verb:  (transitive, chiefly US, idiomatic) (of an employer) To dismiss (workers) from employment, e.g. at a time of low business volume or through no fault of the worker, often with a severance package.
verb:  (transitive, of a bookmaker) To place all or part of a bet with another bookmaker in order to reduce risk.
verb:  (transitive, idiomatic) To cease, quit, stop (doing something).
verb:  (transitive and intransitive, idiomatic) To stop bothering, teasing, or pestering someone; to leave (someone) alone.
verb:  (ambitransitive, art) In painting, to apply gentle strokes to smooth a wet coat of paint so as to remove visible roller- or brush-marks, commonly using a dry brush; a similar technique, but using a loaded laying-off brush, may produce a smooth coat of paint when using a roller or the usual brush techniques would leave marks.
verb:  (transitive) To plan out (a navigational course) using a chart.

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