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Finance Dictionary and Glossary of Investment Terms
Layoff
Definition 1.
1. When a company eliminates jobs regardless of how good the employees' performance.2. A risk reduction, made by investment bankers, that minimizes the potential downside associated with a commitment to purchase and sell a stock issue unsubscribed by stockholders holding rights.
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Definition 2.
The elimination of jobs, often without regard to employee performance, usually when a company is experiencing financial difficulties.
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