Layoff

Dehiring
Dehiring refers to the process of laying off, firing, or rejecting a previous hiring decision. It involves retracting the employment of an individual or group of employees after they have been hired.
Dismissal
Permanent termination of employment with an organization; being fired from a job.
Sack or Sacked
Terms referring to the dismissal or termination of an employee, originally implying that the employee collected their belongings (such as tools) and left the premises.
Separation of Service
The separation of service refers to the action of an employee severing their connection with an employer, which may occur through resignation, termination, retirement, or layoff.

Accounting Terms Lexicon

Discover comprehensive accounting definitions and practical insights. Empowering students and professionals with clear and concise explanations for a better understanding of financial terms.