A memo send out by the CEO of a company that denotes a unpaid shutdown, forced time off or explains why there was or will be a layoff. Memorectums usually are sent out just before the holidays and can include pay cuts or loss of benefits. When reading the memorectum, the employee has the sensation of a large object being shoved up their rectum.
Lunchroom conversation: "Bro... did you get the memorectum Dick Head sent out today?... there's another round of paycuts and layoff next week."