Meaning: job losses
- Their "austerity plan" led to many redundancies in the health and education departments.
- The redundancies left thousands of families without enough money to live on.
Most often refers to job losses that occur when a government department is told to spend less money or a company decides to increase profits by replacing people with machines and technology or by replacing local workers with cheaper workers in a foreign country.
Variety: This is typically used in British and Australian English but may be used in other varieties of English too.
My company's planning reduncancies, so I'm worried about
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Contributor: Matt Errey