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 Spotify will also continue to cover healthcare and immigration support, as well as offer two months of outplacement services. PCMAG, 23 Jan. 2023 Since last May, US companies have announced more than 4,600 jobs cuts in order to free up resources to hire people with AI experience or because the technology replaced tasks, according to outplacement firm Challenger, Gray & Christmas Inc. Jo Constantz, Fortune, 9 Feb. 2024 That may mean January’s surge will be short-lived, especially given the latest report from outplacement firm Challenger, Gray & Christmas that found layoff announcements surged last month after a quiet quarter. Lydia Depillis, New York Times, 2 Feb. 2024 He had been laid off with no severance package, no outplacement services. Maryanne Piña Frodsham, Forbes, 23 Jan. 2023 Career Support: All employees will be eligible for outplacement services for two months. Ryan Browne, NBC News, 4 Dec. 2023 The number of layoffs in the U.S. pharmaceutical industry rose slightly last month, as another 388 jobs were eliminated, according to Challenger, Gray & Christmas, the outplacement and executive coaching firm. Ed Silverman, STAT, 6 July 2023 The firm is also offering outplacement services through Lee Hecht Harrison, a talent acquisition and job recruitment firm. Paige McGlauflin, Fortune, 18 Jan. 2023 If your employer doesn’t offer outplacement support to help with finding a new job, check at local associations and community and government organizations for resources. Winnie Sun, Forbes, 1 Jan. 2023

These examples are programmatically compiled from various online sources to illustrate current usage of the word 'outplacement.' Any opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback about these examples.

Word History

First Known Use

1948, in the meaning defined above

Time Traveler
The first known use of outplacement was in 1948

Dictionary Entries Near outplacement

Cite this Entry

“Outplacement.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/outplacement. Accessed 18 Apr. 2024.

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