This sign can also mean "summarily dismissed" or "summary
dismissal."
The sign for "laid off" is an inflected version of "excuse."
Do the "excuse" sign firmly -- using an extended (off of the palm) single
movement.
Laid off:
In the pictures above the first two signs would be about the extent of the
movement for the "excuse" sign.
Notice that when signing "laid off" (or lay off) the dominant hand extends its
movement beyond the regular location of the "excuse" sign.
YouTube link to "laid off" clip: https://youtu.be/d_oRqK-YrFI
Notes:
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