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to lay off
[phrase form: lay]
01
to dismiss employees due to financial difficulties or reduced workload
02
to stop doing something
03
to refrain from bothering or harassing someone
Example
The company laid off 10% of its workforce due to financial losses.
The restaurant is laying off 20 waiters and waitresses due to the slow summer season.
The factory laid off 50 workers after installing new automated machinery.
The bully laid off the smaller child after he started to cry.
I haven't lost my job yet, but the writing is on the wall: my company just laid off 50 more people today.