What term describes the process of being forced to leave a job because there is no more work available?

The term that accurately describes the process of being forced to leave a job because there is no more work available is "redundancy." This concept typically occurs in situations where a position is no longer necessary due to changes in the company's operations, such as a decrease in demand for products or services, restructuring, or business closure.

Redundancy implies that the termination is not due to any fault of the employee but rather a reflection of the employer's circumstances or decisions. This can often lead to severance packages and may involve certain legal considerations under employment law, depending on the jurisdiction.

The other terms, while related to employment termination, do not capture this specific scenario. "Layoff" often refers to the temporary removal of employees from their jobs due to lack of work, with the intention of rehiring when conditions improve. "Termination" is a general term for ending employment, which can occur for various reasons, including performance issues or misconduct. "Dismissal" is similar to termination and usually suggests that an employee has been let go due to specific actions taken by them, rather than an external lack of work.

Understanding redundancy is crucial for employees and employers alike, as it involves different rights and responsibilities compared to other forms of job termination.