Attrition is a gradual process of wearing down, weakening, or destroying something. When a company wants to reduce its payroll without firing anyone, it will sometimes do so through attrition; that is, by waiting for people to retire or quit without hiring anyone new to replace them.

What does mean by attrition?

The term attrition refers to a gradual but deliberate reduction in staff numbers that occurs as employees retire or resign and are not replaced. ... In this case, downsizing is voluntary, where employees either resign or retire and aren't replaced by the company.

What are the examples of attrition?

The definition of attrition means wearing down or wasting away, or the natural decline in the number of people working in an organization. An example of attrition is a cliff face eroding due to rain and wind. An example of attrition is one army wearing down another throughout the course of a war.