Meaning of “bloodletting” in the English Dictionary

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"bloodletting" in British English

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bloodlettingnoun

uk /ˈblʌdˌlet.ɪŋ/ us /ˈblʌdˌlet̬.ɪŋ/

(Definition of “bloodletting” from the Cambridge Advanced Learner’s Dictionary & Thesaurus © Cambridge University Press)

"bloodletting" in Business English

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bloodlettingnoun [ U ]

uk /ˈblʌdˌletɪŋ/ us

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.

(Definition of “bloodletting” from the Cambridge Business English Dictionary © Cambridge University Press)