curtailment

Popular Terms
A technique used by a company to help it become more stable by reducing company operations. A company may need to increase financial or operational stability, and may do so through various methods including laying off employees, outsourcing parts of the operation, or selling or merging parts of the company.

Use 'curtailment' in a Sentence

Being able to use curtailment may help you handle some of the bad times easier and make them less detrimental to you.
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We did not want to go to the the water park since the curtailment of the slide we all really enjoyed going on.
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The company received a lot of criticism for its outsourcing of jobs, but they defended their curtailment by arguing that it was a financial necessity.
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