Declan

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The French word

licencier

means
to make redundant, lay off
Examples:
Je te licencie.
I'm laying you off.
Je vous licencie.
I'm laying you off.
Nous n'avons encore licencié aucun employé.
We haven't laid off any employees yet.
General Motors a licencié soixante-seize mille salariés.
General Motors laid off 76,000 workers.
Examples sourced from tatoeba.org