Layoff and Time out

Layoff noun - The termination of the employment of an employee or a work force often temporarily.

Time out and layoff are semantically related In some cases you can use "Time out" instead a noun "Layoff".

Time out noun - A pause from doing something (as work).

Layoff and time out are semantically related in break topic. Sometimes you can use "Layoff" instead a noun phrase "Time out", if it concerns topics such as interval, delay, wait, pause.