They way this kind of thing is usually done in the EU to avoid the hassles of proper layoffs (that need justification and come with restrictions - e.g. in Bulga

They way this kind of thing is usually done in the EU to avoid the hassles of proper layoffs (that need justification and come with restrictions - e.g. in Bulgaria if you've done layoffs you can't hire on the same position within the same unit in the next couple of months) is to propose a mutual termination - we'll give you X months of pay (where X > what the employee would get legally if laid off), you sign here you agree to leave immediately. It's sometimes a bad idea because in that case you're sometimes not eligible for regular unemployment (depends on thr country of course) because you agreed to leave your job, so you have to be sure you'll find a job afterwards. Sometimes it's a great idea because you get a pile of cash and you're "winning" if you find a job faster, or if you want a nice break.