What is Reorg?
1.
A company reorganization, usually involving the firing of a number of employees and promotion of others to the point of uselessness. Often used as a futile measure when a company is about to tank.
Bobco went through a reorg last year, they promoted all of their middle management to management and fired all of the previous managers in a futile attempt to regain stockholder trust.
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Random Words:
1.
Opposite of golden handshake. When one loses their job with no compensation.
You think you're going to be made redundant with a bi..
