outplacement

noun

out·place·ment ˌau̇t-ˈplās-mənt

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

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Twenty-twenty-four has been the year of CEO turnover, with some 1,450 having announced their departure so far — up 15% from the same period last year and the highest year-to-date total on record, according to research from executive coaching and outplacement firm Challenger, Gray & Christmas. —

Allison Morrow, CNN, 22 Oct. 2024 The company should also consider offering an outplacement program, such as those offered by Keystone Associates. —

Steven Wasserman, Forbes, 26 Sep. 2024 Employees whose jobs are part of the reduction will receive severance pay and benefits, including access to outplacement services, the company added. —

Aimee Picchi, CBS News, 1 Oct. 2024 Others, like Hertz Global Holdings Inc., Advance Auto Parts Inc. and toymaker Hasbro Inc., have capped the value of outplacement services at $25,000, according to company filings. —

Jo Constantz, Fortune, 29 Sep. 2024 See all Example Sentences for outplacement