shed
verb [ T ]
uk/ʃed/ usshedding | shed | shedto get rid of something you do not need or want, especially jobs or employees:
There are rumors that the retailer will shed more than 400 jobs over the next year.
shed workers/employees/staff
STOCK MARKET
to lose value in the stock market or other financial markets:
The stock shed another 16% of its value yesterday, closing at $15.25.
The Dow Jones industrial average shed 242.66 points, or 1.97%, to close at 12,075.96.
shed
noun [ C ]
uk/ʃed/ usa large simple building, usually used for storing equipment:
The structure is used as a truck storage shed.