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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Employees are being offered severance packages, benefits continuation options, and outplacement services, the company said. —

Molly Davis, The Tennessean, 25 Sep. 2024 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 See all Example Sentences for outplacement