downagingnoun.
When companies lower the average age of their employees, either by laying off older workers or by replacing them with younger workers.
Example Citation:
"Midlife insecurity extends far beyond concerns about appearance and prowess to the loss of what were once the perks of midlife, like job security, to such an extent that 'downsizing' might be more appropriately termed 'downaging.' —Martha Manning, The New York Times Book Review
