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
These examples are automatically compiled from online sources to illustrate current usage. Opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback about these examples.
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 

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 8 Nov. 2024.

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