rationalization
Definitions (2)
1. Corporate: Selling off or closing down some plants or units to reorganize a firm's operations to be more in line with its core competencies, in the interest of efficiency, or as a cost cutting measure. Often used as a euphemism for firing employees. See also downsizing.
2. Psychological: Attribution of reasonableness or socially acceptable motives to an action, behavior, or decision with plausible explanations, while hiding (or being unconscious of) the true motives. See also defense mechanism.
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