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English definition of “bloodletting”

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bloodletting

noun [U]
 
 
/ˈblʌdˌletɪŋ/
informal WORKPLACE a process in which a company with financial problems gets rid of a lot of employees at the same time: Twenty-five senior employees were fired in the latest round of bloodletting.
STOCK MARKET a period of time during which shares lose a lot of their value: Wall Street prepared itself for a week of bloodletting as stock market conditions continued to worsen.
Translations of “bloodletting”
in Chinese (Traditional) 流血, 殺戮,大屠殺, 裁員…
in Chinese (Simplified) 流血, 杀戮,大屠杀, 裁员…
(Definition of bloodletting from the Cambridge Business English Dictionary © Cambridge University Press)
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