layoff

Short definition from Wiktionary

Noun

1. 1
   A dismissal of employees from their jobs because of tightened budgetary constraints or work shortage (not due to poor performance or misconduct).
2. 2
   A period of time when someone is unavailable for work.
3. 3
   A short pass that has been rolled in front of another player for them to kick.
4. 4
   A bet that is laid off, i.e. placed with another bookmaker in order to reduce risk.