out·​place·​ment ˌau̇t-ˈplās-mənt How to pronounce outplacement (audio)
: 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 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 America’s retailers are expected to add just 410,000 seasonal positions for this year’s holiday shopping season, according to an estimate from outplacement services firm Challenger, Gray & Christmas. Ramishah Maruf, CNN, 19 Sep. 2023 The company said those impacted by the layoffs will receive severance pay and benefits, including access to outplacement services. Gabe Hauari, USA TODAY, 1 Aug. 2023 All employees are also entitled to their vested restricted stock units, bonuses, a cash contribution for health insurance, and three to six months of outplacement services, per the complaint. Todd Spangler, Variety, 12 July 2023 To fund the severance and outplacement costs, Virgin Orbit sold a $10.9-million senior secured convertible note to Virgin Investments, the investment arm of Branson’s Virgin Group, according to the filing. Samantha Masunaga, Los Angeles Times, 31 Mar. 2023 All global executives with at least two years of service are eligible for a package which includes their base salary, incentives, COBRA and outplacement services. Jamie L. Lareau, Detroit Free Press, 9 Mar. 2023 Those impacted by the job cuts Tuesday will receive severance packages, 4 months of health care through COBRA coverage, pay for remaining vacation time and 2022 bonuses, as well as outplacement support for finding a new role. Lauren Rosenblatt, Anchorage Daily News, 2 Feb. 2023 Layoffs in the tech sector have surged by a factor of 16 from last year, according to outplacement firm Challenger, Gray, and Christmas, while finance job cuts have more than doubled. Irina Ivanova, Fortune, 15 Aug. 2023 See More

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 5 Dec. 2023.

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