haemorrhage

/ˈhemərɪdʒ/ verb [I or T] UK (US hemorrhage)

Definition

› to lose a large amount of money or large numbers of customers, jobs, etc.: The leisure and hospitality industry hemorrhaged 10,000 jobs and the manufacturing sector lost 6,000. to haemorrhage cash/staff/customers

haemorrhage red ink › to lose a lot of money in a short period of time: Buffeted by Japanese and Korean competition, U.S. carmakers hemorrhage red ink like stuck pigs.

(Definition of haemorrhage verb from the Cambridge Business English Dictionary © Cambridge University Press)