Crossword Genius

Wicked leaders of industry love lay-offs (3)

Ross

I believe the answer is:

ill

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'wicked' is the definition.
(I've seen this before)

'leaders of industry love lay-offs' is the wordplay.
'leaders of' indicates taking the first letters.
'lay-offs' becomes 'l' (this could be a standard abbreviation which I don't know about).
The initial letters of 'industry love' is 'il'.
'il'+'l'='ILL'

Can you help me to learn more?

(Other definitions for ill that I've seen before include "Wicked" , "Where to find Chicago" , "Badly - in need of medical care" , "Dicky" , "Ailing" .)

I've seen this clue in The Times.
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