lay off vs withdraw

lay off and withdraw both are verbs.

Word	Noun	Adjective	Verb	Adverb
lay off	No	No	Yes	No
withdraw	No	No	Yes	No

As verbs, withdraw is a hyponym of lay off; that is, withdraw is a word with a more specific, narrower meaning than lay off:

lay off (verb)	withdraw (verb)
dismiss, usually for economic reasons	keep away from others
put an end to a state or an activity	remove something concrete, as by lifting, pushing, or taking off, or remove something abstract
	make a retreat from an earlier commitment or activity
	take back what one has said
	release from something that holds fast, connects, or entangles
	lose interest
	pull back or move away or backward
	remove (a commodity) from (a supply source)
	cause to be returned
	break from a meeting or gathering
	withdraw from active participation
	retire gracefully