outplacement

American

[out-pleys-muhnt] / ˈaʊtˌpleɪs mənt /

noun

counseling and assistance in finding a new job, provided by a company for an employee who has been or is about to be dismissed.
an act or instance of outplacing.
the state or condition of being outplaced.

outplacement British

/ ˈaʊtˌpleɪsmənt /

noun

a service that offers counselling and careers advice, esp to redundant executives, which is paid for by their previous employer

"Collins English Dictionary — Complete & Unabridged" 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012

Etymology

Origin of outplacement

First recorded in 1965–70; out- + placement

Example Sentences

Examples are provided to illustrate real-world usage of words in context. Any opinions expressed do not reflect the views of Dictionary.com.

According to outplacement firm Challenger, Gray & Christmas, U.S. employers announced 108,435 job cuts in January, up about 118% from the same month last year and marking the highest January layoff number since 2009.

From Barron's

Outplacement firm Challenger, Gray and Christmas, which tracks corporate layoff announcements, said companies announced 108,400 job cuts last month, up sharply from 35,500 cuts announced the month prior, marking the highest level for the month since 2009.

From The Wall Street Journal

U.S. employers announced 108,435 cuts in January, more than twice the 49,795 during the same month last year — and triple the 35,553 announced in December, according to outplacement firm Challenger, Gray & Christmas.

From Los Angeles Times

“Generally, we see a high number of job cuts in the first quarter, but this is a high total for January,” said Andy Challenger, an executive at the outplacement firm.

From Los Angeles Times

Definitions and idiom definitions from Dictionary.com Unabridged, based on the Random House Unabridged Dictionary, © Random House, Inc. 2023