euphemism

/YOO-fuh-miz-um/noun

a mild expression substituted for a harsh or blunt one

'Right-sizing' is the standard euphemism for layoffs.
Synonyms
understatement, softening
Antonyms
dysphemism
Root
eu- (good)
Memory hook
eu (good) + pheme (speech): speaking a hard thing nicely.

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euphemism — meaning, examples & GRE vocabulary | WordNerd