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What does casualize mean?

Looking for the meaning or definition of the word casualize? Here's what it means.

Verb
  1. To become, or cause to become, casual; to become regarded casually
  2. (economics) To be converted from regular to casual labor
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They'd simply buy a firm for a few billion, aggressively asset-strip it, casualize the workforce, and sell it on for an inflated price.

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