precipice

/ˈpre-s(ə-)pəs/

French, from Middle French, from Latin praecipitium, from praecipit-, praeceps headlong, from prae- + caput head

noun

  1. a very steep or overhanging place

  2. a hazardous situation; broadly : brink

idiom

  1. very close to a bad or dangerous situation

The company is now on the edge of a precipice.