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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Nearly 40% of companies reported layoffs in 2024, the outplacement firm noted, saying that was a noticeable increase from 28% in 2023. —

Susan Tompor, Detroit Free Press, 11 Dec. 2024 Employers cut almost 60,000 jobs last month, an increase of 27% from a year earlier, according to outplacement firm Challenger, Gray & Christmas. —

Aimee Picchi, CBS News, 5 Dec. 2024 Challenger, Gray and Christmas, the outplacement employment firm, says that layoff announcements are up +53.5% over the past year. —

Robert Barone, Forbes, 12 Oct. 2024 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 See all Example Sentences for outplacement