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

U.S.-based tech employers announced more than 33,000 job cuts from January to February, up 51% compared with the same period last year, the outplacement firm Challenger, Gray & Christmas said Thursday.

From Los Angeles Times

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

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