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 The rate of layoffs in the U.S. pharmaceutical industry continues to mount, according to Challenger Gray & Christmas, the outplacement and executive coaching firm. Ed Silverman, STAT, "Pharmalittle: Pharma keeps slashing jobs in the U.S.; overseas plants have more data integrity violations," 31 Oct. 2019 Employees who do not remain with the company will be offered a severance package and outplacement assistance, such as resume help. Frederick Melo, Twin Cities, "As its Minnetonka call center closes, Comcast plans to cut 235 jobs in St. Paul, but then add 430," 12 Sep. 2019 In a new study, executive outplacement firm Challenger, Gray & Christmas estimates that employers stand to lose a total of $9 billion, thanks to some 7.5 million workers playing fantasy football on the job. NBC News, "Slacking off work by playing fantasy football? Meh, it's not as bad as you think.," 28 Aug. 2019 Food manufacturers laid off nearly 16,000 workers in the first seven months of the year, up 85% from a year ago and the highest total for the sector in that period since 2009, according to outplacement firm Challenger Gray & Christmas. Kate Gibson, CBS News, "Del Monte Foods closing two more U.S. plants, laying off hundreds," 22 Aug. 2019 Even so, employers slashed headcount by 104,800, or 34%, in this year's second quarter, according to outplacement giant Challenger, Gray & Christmas —the biggest number of layoffs since the recession-ridden days of 2009. Anne Fisher, Fortune, "Lost Your Job? Here’s What to Tell Interviewers," 8 Aug. 2019 Barneys New York's bankruptcy is adding to the growing river of financially troubled retailers, said outplacement firm Challenger, Gray & Christmas. Aimee Picchi, CBS News, "Luxury retailer Barneys New York files for bankruptcy," 6 Aug. 2019 As always, SC Johnson intends to provide generous severance and outplacement help. Sarah Hauer, Milwaukee Journal Sentinel, "SC Johnson & Son cutting hundreds of jobs globally, including some in Racine," 21 Mar. 2018 Job cuts have been on the rise, according to the outplacement firm Challenger Gray & Christmas, with layoffs so far this year exceeding the same period last year by 39%. Lydia Depillis, CNN, "The job market is still strong, but there are signs it's slowing down," 6 June 2019

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

24 Nov 2019

Cite this Entry

“Outplacement.” The Merriam-Webster.com Dictionary, Merriam-Webster Inc., https://www.merriam-webster.com/dictionary/outplacement. Accessed 6 December 2019.

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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

Rhyming Dictionary: Words that rhyme with outplacement

Nglish: Translation of outplacement for Spanish Speakers

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