Relegation (noun)

1. The action of demoting or dismissing someone to a lower rank or position.
2. The state of being demoted or dismissed to a lower rank or position.

Origin:

Late middle english (in the sense "sending away, banishment"): from old french relegacion, from latin relegatio(n-), from relegare "send away, banish".

Examples:

1. The team's relegation from the premier league.
2. He faced the prospect of professional relegation.
3. The workers' fear of job relegation.
4. The company was in danger of relegation to the second division.
5. The country's economic relegation.