The practice used by marginally profitable companies to compensate for ineffective management by releasing people from their employment.
by Way Cool Rich May 03, 2007
by David Kofoed Wind May 05, 2007
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.
Layoff Beards were popularized in fall 2008 by the website TheCanned.com, which runs an unemployment-themed blog titled "The Layoff Beard."
Layoff Beards were popularized in fall 2008 by the website TheCanned.com, which runs an unemployment-themed blog titled "The Layoff Beard."
There are a lot of bankers out there who have grown ferocious layoff beards following the financial crisis of 2008.
by deaconblues February 12, 2009
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.
by Carbomb April 27, 2011
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.
After tearing his ACL in October 2008, Patrick Cote had a nice Mir Layoff before coming back against Alan Belcher in May 2010.
by CyberFreq May 07, 2010
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.
by doctoroctos September 29, 2010
by Biff Turkle July 14, 2009