furlough

/F ER1 L OW0/
noun
  1. 1

    A leave of absence or vacation.

  2. 2

    The documents authorizing such leave.

  3. 3

    A period of unpaid time off, used by an employer to reduce costs.

verb
  1. 1

    To grant a furlough to (someone).

  2. 2

    To have (an employee) not work in order to reduce costs; to send (someone) on furlough.

Source: https://en.wiktionary.org/wiki/furlough