severance

Example:The termination of employment contracts due to company restructuring was a difficult decision for all involved.

Definition:the act of ending or bringing to an end; particularly used in employment context to denote the ending of an employee's employment.

Example:He faced a formal discharge after repeatedly failing to meet performance standards.

Definition:the act of sending a person from a place, position, or service; often used in employment context to mean being released from a job.

Example:The company announced the dismissal of several executives as part of its restructuring plan.

Definition:the act of releasing someone from a position, especially by an employer from employment; often used synonymously with 'firing'.