Financial

Clock Tower Attrition

Clock Tower Attrition

A slang term for a situation in which a new manager fires a large number of his/her subordinates in a short period of time. Clock tower attrition may occur because the previous employees were incompetent, or simply because the new manager wants to bring in his/her own allies. The term may refer to the clock tower massacre at the University of Texas in 1966.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
Copyright © 2003-2025 Farlex, Inc Disclaimer
All content on this website, including dictionary, thesaurus, literature, geography, and other reference data is for informational purposes only. This information should not be considered complete, up to date, and is not intended to be used in place of a visit, consultation, or advice of a legal, medical, or any other professional.