"lay off" says it is the fault of the management team.
"fire" says it is the fault of employee.
In the US, the standard is employment at will, which means you can terminate without cause at any time (unless you are actually terminating for a disallowed cause, confusingly), so "terminated for cause" is a small minority of "fired".
Of course, within those people who are more or less interchangeable, of course the ones let go are the poorest value, but there's a significant gap between someone who was let go because the company wanted to reduce the number of engineers they employed and someone who was let go because he is incompetent and the employer turns right around and starts advertising to replace him.
"fire" says it is the fault of employee.
In the US, the standard is employment at will, which means you can terminate without cause at any time (unless you are actually terminating for a disallowed cause, confusingly), so "terminated for cause" is a small minority of "fired".
Of course, within those people who are more or less interchangeable, of course the ones let go are the poorest value, but there's a significant gap between someone who was let go because the company wanted to reduce the number of engineers they employed and someone who was let go because he is incompetent and the employer turns right around and starts advertising to replace him.