Definition
A dramatic budget cut or reduction in workforce, usually announced with corporate euphemisms like 'rightsizing' or 'strategic restructuring.' Used in sentences like 'We're slashing headcount by 30%' to make mass layoffs sound less horrifying than they actually are.
Example Usage
The CEO announced they were slashing costs to improve profitability, which is a nice way of saying 'everyone's about to update their LinkedIn."
Source: Common industry terminology
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See “slash” in Corporate Speak, Gen-Z Slang, Pirate Speak, and more.
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