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shakeout

[ sheyk-out ]
/ ˈʃeɪkˌaʊt /
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noun

an elimination or winnowing out of some competing businesses, products, etc., as a result of intense competition in a market of declining sales or rising standards of quality.
a rapid decline in the values of certain securities sold in stock exchanges or the like.

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Origin of shakeout

First recorded in 1890–95; noun use of verb phrase shake out
Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2021

British Dictionary definitions for shakeout

shake-out

noun

the process of reducing the number of people in a workforce in order to lower the costs of a company
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
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