Definition
The gradual reduction of staff through resignations, retirements, or natural departures rather than layoffs. It's the slow-motion version of downsizing that executives love because it doesn't require awkward conversations.
Example Usage
Instead of layoffs, management decided to reduce headcount through attrition, which means they're just not replacing anyone who quits.
Origin
From Latin 'atterere' meaning 'to wear down,' adopted into business terminology in the mid-20th century
Fun Fact
Finance teams love attrition because it reduces costs without the bad PR of layoffs, though it usually results in overworked remaining employees doing three jobs.
Source: Workforce planning and reduction terminology
Related Terms
Translate This Term
See “attrition” in Corporate Speak, Gen-Z Slang, Pirate Speak, and more.
Try the Translator