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Austerity

From Encyclopedia Dramatica
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So, you just got fired from your job while your boss got another pay raise. Or it's three weeks until your retirement benefits kick in and your boss is letting you go. Or you've worked at a company for more than 10 years and notice all your co-workers are younger than you are, are getting paid less than you are, and speak less English than you do.

Welcome to the exciting world of austerity.

Austerity doesn't necessarily have to apply to the corporate environment. In fact, governments around the world are using it all the time to cover their asses by throwing the baby out with the bathwater.