WHAT is the meaning of derecruitment?

Derecruitment refers to the process of reducing the number of employees in an organization, often through layoffs, attrition, or voluntary exit programs. This strategy is typically implemented to manage costs, restructure the workforce, or respond to changes in market conditions. It contrasts with recruitment, which involves hiring new employees. Derecruitment can have significant impacts on employee morale and organizational culture.