Meaning of the word "cease operations" in English

What does "cease operations" mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

cease operations

US /siːs ˌɑːpəˈreɪʃənz/
UK /siːs ˌɒpəˈreɪʃənz/

Phrase

to stop operating or functioning, especially for a business or organization

Example:
The company announced it would cease operations by the end of the year.
Due to financial difficulties, the small bookstore had to cease operations.