What is "lifo"

LIFO, an acronym for "Last In First Out", may refer to:

• FIFO and LIFO accounting, in accounting
• In computing, a Stack (abstract data type), also called a LIFO queue
• LIFO (education) a layoff policy

LIFO may also refer to:

• LIFO (magazine), a magazine published in Greece

LiFO is a free magazine published and distributed for free every Thursday in Athens, Greece. It contains articles with general socio-political content, articles on the matters of the city of Athens, interviews, reportages and information about events in Athens as well as with articles about cinema, theatre and books. The creator of the magazine is Stathis Tsagkarousianos.

The magazine often organizes free admission parties with live concerts. The magazine organized the live reunion concert of the Greek electronic music band Stereo Nova at the LIFO Party on December 5, 2008.

www.lifo.gr is one of Greece's leading content websites with more than 4,8 million unique visitors per month and it is amongst the top 5 Greek websites. It covers news, opinion articles, and current events from Greece.

Last in First Out (LIFO) (or otherwise known as "Last One Hired is the First One Fired" is a policy often used by school districts and other employers to prioritize layoffs by seniority. Under LIFO layoff rules, junior teachers and other employees lose their jobs before senior ones. Laying off junior employees first is not exclusive to the education sector or to the United States, but is perhaps most controversial there. LIFO's proponents claim that it protects teachers with tenure and gives them job stability, and that it is an easily administered way of accomplishing layoffs following a budget cut. LIFO's critics respond that it is bad for students. They prefer that the best teachers remain regardless of how long they have been teaching.

LIFO and tenure were originally intended to provide college professors with academic freedom and ensure that they could research topics of their own choosing. In the K-12 sector, tenure was introduced to lower high teacher turnover rates. In 1932, over 20% of teachers were dismissed due to personal disagreements and difference of opinion. By 2010, LIFO was criticized on grounds that "seniority based layoffs result in promising, inexperienced teachers losing their positions, while their less effective, but more senior, peers continue to teach." As of early 2014, 2 states provided that seniority could not be considered when deciding which teachers to layoff, 18 states and the District of Columbia left the layoff criteria to school district discretion, 20 states provided that seniority could be considered among other factors, and 10 states provided that seniority was the sole factor, or one that had to be considered.