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lay off
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Quick answer
As a verb, lay off means put an end to a state or an activity.
Meanings of lay off
2 meaningsverb
Dismiss, usually for economic reasons
“She was laid off together with hundreds of other workers when the company downsized”
Similar: furlough
Meanings from Wiktionary (CC BY-SA 4.0) and Open English WordNet (CC BY 4.0).