Bet with another bookmaker to reduce risk.(adjective)
Made unemployed or redundant.(adjective)
Simple past tense and past participle of lay off.(verb)
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Use "laid-off" in a sentence
"Several large car plants have recently laid-off thousands, while some of those layoffs led to early retirements, others claimed settlements."
"Under a program Mayor Michael R. Bloomberg unveiled on Wednesday, the city wants to invest $45 million in government money to retrain investment bankers, traders and others who have lost jobs on Wall Street, as well as provide seed capital and office space for new businesses those laid-off bankers might create."
"Interviews with more than two dozen laid-off professionals across the country, including architects, former sales managers and executives who have taken on lower-paying, stop-gap jobs to help make ends meet, found that they were working for places like U.P.S., a Verizon Wireless call center and a liquor store."