Layoff

Noun

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