eldercut
rather than characterize the staff cutbacks as a layoff it was dubbed an eldercut by the wags at the water cooler
"the proverbial "thinning of the herd" best likely description of corporate downsizing, pension elimination or benefits cutback
"rather than characterize the staff cutbacks as a layoff it was dubbed an eldercut by the wags at the water cooler" What is the definition of "eldercut"?