a, o, f, l, y are letters that make 'layoff'
la, off, lay, LA, La are words within 'layoff'
playoff, layoffs are words created by adding a letter to 'layoff'
1 possible definitions for 'layoff'
Under this definition, layoff is a noun and has the following properties:
'layoff' can be a type of closure, closedown, closing, shutdown.
furlough, lay off are derivatives of 'layoff'.