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shake-out

noun
1.
the process of reducing the number of people in a workforce in order to lower the costs of a company
Collins English Dictionary - Complete & Unabridged 2012 Digital Edition
© William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins
Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012
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Examples from the Web for shake-out
Historical Examples
  • It was a shake-out from top to bottom, and the bloods on our division went white and sickly very fast.

    Held for Orders Frank H. Spearman

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