demotion
noun
An act of demoting; a lowering of rank or status.
Related words
layoffA dismissal of employees from their jobs because of tightened budgetary constraints or work shortage (not due to poor performance or misconduct).raiseTo cause to rise; to lift or elevate.resignTo voluntarily leave (a job or position), in particular a hard-fought position of high status.pensionAn annuity paid regularly as benefit due to a retired employee, serviceman etc.recruitTo enroll or enlist new members or potential employees on behalf of an employer, organization, sports team, the military, etc.benefitAn advantage; help or aid from something.