Also found in: Financial.
A condition in which a corporation does not have enough employees to meet its goals or needs, especially as a consequence of downsizing.
American Heritage® Dictionary of the English Language, Fifth Edition. Copyright © 2016 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.
(Commerce) a malaise of a business organization resulting from making too many creative people redundant in efforts to cut costs
Collins English Dictionary – Complete and Unabridged, 12th Edition 2014 © HarperCollins Publishers 1991, 1994, 1998, 2000, 2003, 2006, 2007, 2009, 2011, 2014