demotion
n [ C or U ]
uk/dɪˈməʊʃən/ us HR
a move to a less senior job, or the act of moving someone to a less senior job:
His demotion would mean a reduction in retirement pay from $9,400 a month to $8,500.
An alternative to leaving the company could be demotion or salary reduction.
a situation in which a company, team, etc. moves to a lower place in a list because it has performed badly:
demotion from/to sth The grocer is facing demotion to the bottom of the supermarket league table.
Compare
promotion