Dismissal Due to Lack of Work

This page is the CodyCross answer for the clue below from Sports, Group 152, Puzzle 5 (Major Championships).

Question is: Dismissal Due to Lack of Work

and the answer is: LAYOFF

Word Meaning:

LAYOFF — (chiefly US) A dismissal of employees from their jobs because of tightened budgetary constraints or work shortage (not due to poor performance or misconduct).

Definitions from Wiktionary.