outplacement

noun

out·​place·​ment ˌau̇t-ˈplās-mənt How to pronounce outplacement (audio)
ˈau̇t-ˌplās-
: the process of easing unwanted or unneeded executives out of a company by providing company-paid assistance in finding them new jobs

Examples of outplacement in a Sentence

Recent Examples on the Web
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That’s already happening, with the number of layoff notices issued in February jumping 245% from January, hitting levels not seen since June 2020, according to outplacement firm Challenger, Gray & Christmas. Brett Owens, Forbes, 12 Mar. 2025 Meanwhile employers announced more layoffs in any February since the Great Recession and the most in any month since the pandemic, according to outplacement firm Challenger, Gray and Christmas. David Goldman, CNN, 10 Mar. 2025 The outplacement firm Challenger, Gray & Christmas keeps a tally of layoff notices. Brittney Melton, NPR, 7 Mar. 2025 Hiring announcements across the industry fell for three straight years after 2020 before rising again last year, a Retail Dive review of data tracked by the outplacement firm Challenger, Gray & Christmas recently found. J.j. McCorvey, NBC News, 7 Mar. 2025 See All Example Sentences for outplacement

Word History

First Known Use

1948, in the meaning defined above

Time Traveler
The first known use of outplacement was in 1948

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Cite this Entry

“Outplacement.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/outplacement. Accessed 26 Mar. 2025.

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