laid off

created by girlotron

(idea) by girlotron (2.4 y) (print) ? (I like it!) Thu Oct 05 2000 at 23:25:40

UK slang for being made redundant: i.e. losing your job due to there being no work for you to do, or no funding for the job any more.

(idea) by stienman (3.1 mon) (print) ? (I like it!) Fri Jan 19 2001 at 17:49:51

To be laid off is to mean, "Lay off doing your work", or in other words, "Go away, cause we can't/won't pay you no more."

It used to be that companies would have layoffs with the expectation that they would bring the employees back to work when work was available (ie, car industry slows down, automakers have forced layoffs, two weeks later they call everyone and get them back on the line). Now that is less prevelant in most industries. (and employee loyalty, along with pension plans and the like are out the window as well)

All these companies who were losing money (due to bad business plan, stupid mistakes, bad product, wrong timing, etc) were financed by companies who held them accountable, whether they were stock investors, private investor, investment firms or whatever. These guys wanted results, and the only results they are interested in after the initial kick off is money.

If your company is losing money like a stuck pig, and your quarterly review is coming up, what's a good way to save 5, 10, 50, 100 or 500 thousand in one month? That's right - you lay off people. Now, suddenly, your financial picture doesn't look so shabby. Of course, you don't tell the investors you had layoffs, though you might mention that to save money your organization went through a restructuring phase.

But without your employees you're worse off than you were before. You are essentially killing the golden goose to sell its gold, without realizing that you won't get any more golden eggs.

This is a business practise that has fallen out of favor, but it is still practised.

<sigh>

printable version
chaos

The dot-com drink special	Nasty sexual images in Disney movies	middle management	layoff
So, you're gonna get laid off?	Avenue Q	Odd Todd	Programming for a drug dealer
February 12, 2002	lifeboat exercises	August 17, 2001	April 26, 2001
Martin Marietta	August 16, 2001	January 24, 2001	You can find a place inside my heart if you will stay
world wide web	Technical Support Engineer	Here's hoping the sun won't rise for a while	Voluntary Redundancy
June 18, 2002	Serenity Prayer	lay off	The science, laying on of hands, cure and read you, diagnose, transform

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