Layoff is a temporary suspension or reduction of workload for employees, designed to help a company weather economic difficulties without making permanent job losses. It is intended to be a short-term measure with the goal of preserving the workforce and resuming normal operations when conditions improve. The specifics can vary by country and legal framework, but common elements include:

• Temporary suspension of the employment contract or a reduction in the normal working hours.
• A corresponding temporary reduction in wages proportional to the hours reduced.
• Selection criteria for which employees are affected, often guided by fairness rules and labor laws.
• Possible eligibility for government or employer-provided support programs, depending on the jurisdiction.
• Clear, empathetic communication from the employer to affected staff, and plans for reintegration once conditions recover.

If you’re asking about a specific country or region, I can tailor the explanation to the local laws, typical procedures, and any recent updates.