Definition
When an employer releases an employee by paying them their final wages because their services are no longer required or financial constraints prevent continued employment.
Due to financial difficulties, the company was forced to pay off a senior employee after settling their wages.
After the annual review, the manager decided to pay off an employee who was no longer required.
During layoffs, the company explains to employees why they need to pay them off and terminate their contracts.
To provide someone with money to ensure their silence, compliance, or departure.
He paid the journalist off, hoping she would remain silent about the story.
To ensure that secrets are not revealed, criminal organizations often pay off potential witnesses.
They paid off the employee to prevent him from exposing the company's misconduct.