Laidoff

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Laidoff is an act whereby employed individuals are informed by their company that their work is not required in the immediate future, sometimes indefinitely. Generally, this is a temporary period of unemployment and most times this does not mean the individual is jobless. The financial economics of a company dictates being laidoff. Other times, a workforce is laidoff for a holiday season. A striking union worker is considered laidoff until negotiations over job demands are met.