reduction in force
/riːˈdʌkʃən ɪn fɔːrs/ · re·duc·tion ɪn ˈfɔːrs
noun
- A situation in which an organization reduces the number of employees or personnel, often due to financial constraints or restructuring. The company announced a reduction in force, resulting in the layoff of 20% of its workforce.
- A decrease in the number of personnel or employees in a specific department or unit within an organization. The reduction in force in the marketing department led to a reevaluation of the company's advertising strategy.
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Did you know? The term 'reduction in force' is often used in the context of corporate finance and human resources, and is typically used to describe a situation in which an organization is forced to reduce its workforce due to financial constraints or other factors.