outplacement

[out-pleys-muhnt]

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.

outplacement

/ ˈaʊtˌpleɪsmənt /

noun

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

Word History and Origins

Origin of outplacement¹

First recorded in 1965–70; out- + placement

Example Sentences

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.

Read more on 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.

Read more on 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.

Read more on BBC

A report from the outplacement firm Challenger, Gray & Christmas last week estimated that U.S. employers cut more than 150,000 jobs in October.

Read more on Salon

A report this month from outplacement firm Challenger, Gray & Christmas revealed US layoffs hit the highest level in 22 years in October.

Read more on Barron's