Meaning of the word "in dire straits" in English

What does "in dire straits" mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

in dire straits

US /ɪn daɪər streɪts/
UK /ɪn daɪə streɪts/
"in dire straits" picture

Idiom

in a very bad or difficult situation

Example:
After losing his job, he found himself in dire straits.
The company is in dire straits and might have to close down.
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