Meaning of “strip sb/sth of sth” in the English Dictionary

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"strip sb/sth of sth" in Business English

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strip sb/sth of sth

phrasal verb with strip uk /strɪp/ us verb [ T ] -pp-

to take something away from someone, sometimes in a way that seems unfair or dishonest:

be stripped of sth About 40,000 people may be stripped of their pensions because their employers have gone into administration.
be stripped of your position/role/responsibilities She was stripped of her role as senior manager for the Human Resources Office.

(Definition of “strip sb/sth of sth” from the Cambridge Business English Dictionary © Cambridge University Press)