What is the term used for the temporary dismissal of workers from their jobs due to lack of work?

The term for the temporary dismissal of workers from their jobs due to lack of work is "layoff." Layoffs typically occur when a company is facing financial difficulties or a downturn in business, resulting in a reduced need for staff. Unlike terminations, which are generally permanent, layoffs can be temporary, and companies may rehire laid-off employees when business conditions improve. This signifies that the employment status is not severed permanently but is paused until further notice based on operational needs.

Other terms presented relate to different employment situations. Termination implies an end to employment that is usually permanent and is not related to temporary operational circumstances. Resignation refers to when an employee voluntarily leaves their job, and retirement is when an employee ends their working life usually due to age or length of service. Hence, "layoff" distinctly applies to the context of temporary job dismissals due to insufficient work.