halve the footprint

halve the footprint
   to implement multiple closures
   Financial jargon for what usually happens after a takeover or merger, where duplicated functions are identified, branches closed, and people dismissed:
    Bank of Scotland said it planned to 'halve the footprint' of the 1,700 NatWest branches. {Daily Telegraph, 25 September 1999 — the bank failed in its attempted takeover, being itself absorbed into another larger bank in 2001)

How not to say what you mean: A dictionary of euphemisms. . 2014.

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