Lay-off meaning

(of an employer) To dismiss (workers) from employment, e.g. at a time of low business volume, often with a severance package.
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(of a bookmaker) To place all or part of a bet with another bookmaker in order to reduce risk.
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(idiomatic) To cease, quit, stop (doing something).

Lay off the singing, will you! I'm trying to study.

When are you gonna lay off smoking?

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(intransitive, idiomatic) To stop bothering, annoying, teasing, pestering, pressuring, being aggressive with, or hovering over someone; to leave (someone) alone.

Just lay off, okay! I've had enough!

Things have been better since the boss has been laying off a little.

I told him to lay off me but he wouldn't stop.

Lay off it, already!

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Alternative spelling of layoff.
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