demotion
noun
A move down to a lower position, rank, or level.
The opposite of promotion. Often paired with verbs like 'face', 'accept', or 'receive', and common in workplace and sports league contexts.
Related words
layoffThe act of letting workers go because of budget cuts or lack of work, not because they did anything wrong.raiseTo move something to a higher position; to lift up.resignTo formally give up a job or position by choice.pensionRegular payments made to someone after they retire from work or military service.recruitTo find and sign up new people for a job, team, organization, or the military.benefitSomething useful or helpful that a person gains from a thing or situation.