overhaul of profit margins

overhaul of profit margins
   the peremptory dismissal of employees
   As it is believed by many that industrial costs 'walk on two feet', the expectation is that paying less people will increase profit:
    ... 520 jobs are to be chopped out of the company's portfolio of regional newspaper titles. The headline of the press release: 'overhaul of profit margins at Westminster press'. (Daily Telegraph, 1 July 1995)

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

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