outplacement

American  

[out-pleys-muhnt] / ˈaʊtˌpleɪs mənt /

noun

1. counseling and assistance in finding a new job, provided by a company for an employee who has been or is about to be dismissed.

2. an act or instance of outplacing.

3. the state or condition of being outplaced.

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outplacement British  

/ ˈaʊtˌpleɪsmənt /

noun

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

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Etymology

Origin of outplacement

First recorded in 1965–70; out- + placement

Example Sentences

California employers announced 173,022 job cuts in the first 11 months of this year, up nearly 14% from the same period last year, according to data from outplacement firm Challenger, Gray & Christmas.

From Los Angeles Times

California employers announced 173,022 job cuts from January to November, up nearly 14% from the same period last year, according to the latest monthly report from outplacement firm Challenger, Gray & Christmas.

From Los Angeles Times

That was the most of any state, lagging behind only Washington, D.C., which has been hit hard by federal downsizing, according to outplacement firm Challenger, Gray & Christmas Inc.

From Los Angeles Times

The outplacement firm Challenger, Gray & Christmas, which also predicted the weakest holiday season for retail hiring in more than 15 years, said tariffs, inflation and reliance on automation are dampening demand for seasonal hires.

From BBC

A private report this month by outplacement firm Challenger, Gray & Christmas found the number of job cuts in October hit the highest number for the month since 2003, as high-profile companies including Amazon, Target and UPS announced reductions.

From BBC