haemorrhagehae·mor·rhage /ˈhemərɪdʒ/ British EnglishBrE, hemorrhage American EnglishAmE verb [transitiveT]1to lose a lot of money or jobs over a short periodThe once prosperous town has haemorrhaged manufacturing jobs over the last 15 years.
2haemorrhage red ink journalism if a business, organization etc haemorrhages red ink, it loses a lot of moneyThe state’s long-term fiscal management has been solid, although the current budget threatens to hemorrhage red ink.