Career Limiting Move
Online jargon, also known as text message shorthand, used primarily in texting, online chat, instant messaging, email, blogs, and newsgroup postings, these types of abbreviations are also referred to as chat acronyms.
It refers to any catastrophe that could jeopardize your career, for example "John missed work again today, that's a major CLM."
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NetLingo Classification: Acronyms and Text Message