outplacement

noun out·place·ment \ ˌau̇t-ˈplās-mənt , 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

See outplacement defined for English-language learners

Recent Examples of outplacement from the Web

Eligible employees will receive separation benefits, including outplacement support and career training, English said.

— karen pilarski, Milwaukee Journal Sentinel, "What's next after J.C. Penney distribution center closes in Wauwatosa," 19 Feb. 2018
Here are some tips for minimizing the spread of flu at workplaces, according to outplacement firm Challenger, Gray & Christmas and consulting firm Impactivo: •Create more shifts to reduce the number of people working in the office at one time.

— paul davidson, USA TODAY, "9 tips for preventing flu at the office," 13 Feb. 2018
Others will have the option of accepting a severance package that includes outplacement assistance.

— william thornton wthornton@al.com, AL.com, "Huntsville Verizon call center transitioning employees to work from home," 21 Feb. 2018
The outplacement firm, which is hired by employers to provide job help after a layoff, suspends regular business operation for those two days every year to provide the service.

— marcia heroux pounds, Sun-Sentinel.com, "Out of a job during the holidays? Here's help," 18 Dec. 2017
Employers cut 929 jobs during the month compared with 1,391 jobs in September 2016, according to outplacement firm Challenger, Gray & Christmas.

— marcia heroux pounds, Sun-Sentinel.com, "Florida job cuts fall 33 percent in September over year ago," 6 Oct. 2017
Drug companies have cut more than 269,000 U.S. workers since the beginning of 2007, according to job-outplacement firm Challenger, Gray & Christmas Inc., though the annual number of industry job losses has declined over the past five years.

— peter loftus, WSJ, "Eli Lilly to Cut 8% of Jobs, Invest More on New Drugs," 7 Sep. 2017
Drug companies have cut more than 269,000 U.S. workers since the beginning of 2007, according to job-outplacement firm Challenger, Gray

— peter loftus, WSJ, "Eli Lilly to Cut 8% of Jobs, Invest More on New Drugs," 7 Sep. 2017
Employers cut 929 jobs during the month compared with 1,391 jobs in September 2016, according to outplacement firm Challenger, Gray

— marcia heroux pounds, Sun-Sentinel.com, "Florida job cuts fall 33 percent in September over year ago," 6 Oct. 2017

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.