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English definition of “shed”

shed

verb [T]
 
 
/ʃed/ (shedding, shed, shed)
to get rid of something you do not need or want, especially jobs or employees: There are rumors that the retailer will shed more than 400 jobs over the next year. shed workers/employees/staff
STOCK MARKET to lose value in the stock market or other financial markets: The stock shed another 16% of its value yesterday, closing at $15.25. The Dow Jones industrial average shed 242.66 points, or 1.97%, to close at 12,075.96.
(Definition of shed verb from the Cambridge Business English Dictionary © Cambridge University Press)
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