lay off
verb
°(of an employer) To dismiss (workers) from employment, e.g. at a time of low business volume, often with a severance package.
°(of a bookmaker) To place all or part of a bet with another bookmaker in order to reduce risk.
synonyms: redundant, let go, can, dismiss more» , fire, sack, terminate, axe, give the boot, get the chop|give the chop, give the elbow, give somebody the heave-ho|give the old heave-ho