" layoff "

 [ "layoff" ]

1: The practice used by marginally profitable companies to compensate for ineffective management by releasing people from their employment.

  * e.g.,  ... Even after the layoff, the company still could not get into the black.  

 [ "layoff" ]

1: Means to be fired from the job

  * e.g.,  ... The company about to layoff 100,000 employees. 

 [ "Layoff Beard" ]

1: The term Layoff Beard refers to any facial hair that is grown in celebration of unemployment. Qualifying events include getting: canned, fired, axed, pink-slipped, downsized, marginalized, shown the door, let go, dismissed, let go, or laid off.

  * e.g.,  ... There are a lot of bankers out there who have grown ferocious layoff beards following the financial crisis of 200  

 [ "Layoff Beard" ]

2: Layoff Beards were popularized in fall 2008 by the website TheCanned.com, which runs an unemployment-themed blog titled "The Layoff Beard."

 [ "Facebook Layoffs" ]

1: Getting rid of all your "friends" that you now don't talk to, care about, have never met, or just now "dislike." Similar to a company trimming the fat in the their labor force.

  * e.g.,  ... Just went through a round of facebook layoffs... and man, it feels good. 

 [ "Mir layoff" ]

1: Whenever an athlete (particularly a combat sports athlete) suffers a major injury and takes a long time (1 year or more) before returning to competition. Made famous by Frank Mir who shattered his femur shortly after winning the UFC Heavyweight Championship.

  * e.g.,  ... After tearing his ACL in October 2008, Patrick Cote had a nice Mir Layoff before coming back against Alan Belcher in May 2010. 

 [ "Layoff Buffer" ]

1: The people who work slower than you. If a layoff happens you can feel confident that you are secure because these people will act as a layoff buffer.

  * e.g.,  ... I am not worried about a layoff because Ron still works here and he is my Layoff Buffer. 

 [ "Layoff Squatter" ]

1: Someone who camps out in, or moves into an office (see Layoffice) recently vacated by layoffs.

  * e.g.,  ... Who's that guy in Joe's office? Ah, he's just a layoff squatter. 

 [ "layoff beard" ]

1: "Layoff beard" derives from "playoff beard." A layoff beard is a worn by an unemployed person until he gets a job. The word's meaning can also be extended to include a law student who decides not to shave until he passes the bar exam.

  * e.g.,  ... Your layoff beard is quite fierce, broseph. And I applaud the pajamas-in-public look, too. It's quite...unique. 

 [ "Layoff Beard" ]

1: Not shaving after being given termination of work notice. Play off of Playoff Beard

  * e.g.,  ... Now that I don't have to worry about work, I'll focus on growing the layoff beard 

 [ "another round of layoffs" ]

1: Passing gas after you have recently had a bowel movement.

  * e.g.,  ... A: "What's that smell? Didn't you just go to the bathroom?"