outplacement

noun
out·​place·​ment | \ ˌau̇t-ˈplās-mənt How to pronounce outplacement (audio) , ˈau̇t-ˌplās- \

Definition of outplacement

: 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 Just 23 percent of companies were planning celebrations, down from 76 percent last year, in a survey of 189 companies by global outplacement firm Challenger, Gray & Christmas. Kelvin Chan And Alexandra Olson, Chron, "Snow days, virtual opera: The office holiday party goes on," 18 Dec. 2020 The outplacement and business-coaching firm recommends several tips to make your remote job interview more successful. Russ Wiles, The Arizona Republic, "These tax breaks could help you deal with the financial fallout of the COVID-19 pandemic," 1 Nov. 2020 Andrew Challenger, vice president of global outplacement firm Challenger, Gray & Christmas, expects the number of holiday jobs will be lower than the 702,000 jobs added in 2019, as store closings offset the surging demand for warehouse workers. Star Tribune, "Pandemic reinvents holiday hiring for retailers," 31 Oct. 2020 Displaced workers will be paid severance and provided outplacement services, according to the company. Dallas News, "Six Flags cuts 10% of its fulltime staff to ‘become a stronger and more profitable company’," 13 Oct. 2020 Some firms offer outplacement services or accelerated vesting of stock options, said Dana Kravetz, an employment lawyer at Michelman & Robinson LLP. Anne Tergesen, WSJ, "Should You Consider Early Retirement in a Recession?," 8 Oct. 2020 Those who cannot find another position will be given a severance package and outplacement services. Stephen Singer, courant.com, "CVS Health to cut jobs at Aetna in Hartford as it absorbs health insurer and consolidates operations," 7 Oct. 2020 Job cuts announced in September were more than triple their 2019 level, according to outplacement firm Challenger, Gray & Christmas. Caitlin Conant, CBS News, "2020 Daily Trail Markers: Republicans are narrowing voter registration gaps in swing states," 1 Oct. 2020 Salesforce has about 49,000 employees, and those affected by the reallocation will be provided outplacement services to find a new role in the company or elsewhere. Josh Rivera, USA TODAY, "Salesforce notifies employees of around 1,000 job cuts amid stock surge," 27 Aug. 2020

These example sentences are selected automatically from various online news sources to reflect current usage of the word 'outplacement.' Views expressed in the examples do not represent the opinion of Merriam-Webster or its editors. Send us feedback.

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First Known Use of outplacement

1948, in the meaning defined above

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Time Traveler for outplacement

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The first known use of outplacement was in 1948

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Statistics for outplacement

Last Updated

23 Dec 2020

Cite this Entry

“Outplacement.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/outplacement. Accessed 22 Jan. 2021.

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More Definitions for outplacement

outplacement

noun
How to pronounce outplacement (audio)

English Language Learners Definition of outplacement

: the activity or process of helping workers find new jobs when they are no longer wanted or needed

More from Merriam-Webster on outplacement

Nglish: Translation of outplacement for Spanish Speakers

Comments on outplacement

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