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

U.S.-based employers announced 64,789 cuts in April, down 28% from 90,309 cuts announced in March, according to a report by global outplacement and business and executive coaching firm Challenger, Gray & Christmas, Inc.

From Seattle Times

More than 28,000 job cuts by tech firms nationwide were announced in the first two months of this year, according to Challenger, Gray & Christmas, an outplacement and research firm.

From Los Angeles Times

Tech layoffs have persisted this year, but there are signs that those cuts may be bottoming out, said Andrew Challenger of the outplacement services firm Challenger, Gray & Christmas.

From Los Angeles Times

That stinginess was also reflected in a November survey of companies of all sizes by outplacement firm Challenger, Gray & Christmas, which found that 34% of companies didn’t award a bonus in 2023, up from 27% the previous year.

From Seattle Times

In his email Thursday, Donahoe said Nike would be “as supportive as possible” and the company will give laid-off employees a “comprehensive package” that includes financial, health and outplacement support.

From Seattle Times