noun [ usually sing. ]
1.
a situation in which people lose their jobs and less successful companies are forced to close because of competition and difficult economic conditions
2.
= shake-up
noun [ usually sing. ]
1.
a situation in which people lose their jobs and less successful companies are forced to close because of competition and difficult economic conditions
2.
= shake-up
Oxford Advanced Learner's English Dictionary. Оксфордский английский словарь для изучающик язык на продвинутом уровне. 2005