outplacement
noun
out·place·ment ˌau̇t-ˈplās-mənt 
ˈau̇t-ˌplās-
: the process of easing unwanted or unneeded executives out of a company by providing company-paid assistance in finding them new jobs
Example Sentences
Recent Examples on the Web The number of job cut announcements made through August is the lowest year-to-date total since 1993, according to outplacement firm Challenger, Gray & Christmas. 
Matt Egan, CNN, 7 Sep. 2022 But Andy Challenger, senior vice president of outplacement firm Challenger, Gray & Christmas, said that remote employees might be missing out on opportunities. Robyn A. Friedman, WSJ, 18 Aug. 2022 Located on Sheridan Road and set on a 1.72-acre parcel, the mansion had been the longtime home of the late James Challenger, who founded the outplacement firm of Challenger, Gray & Christmas. Bob Goldsborough, Chicago Tribune, 15 Aug. 2022 From June to July, layoffs by US employers declined by more than 20%, according to executive outplacement firm Challenger, Gray, & Christmas. Nate Dicamillo, Quartz, 5 Aug. 2022 According to Challenger, Gray & Christmas, a management consulting and outplacement support services firm, job cuts spiked 57% from May 2022. Jack Kelly, Forbes, 19 July 2022 Many companies offer extended health care coverage and transition resources like outplacement services and letters of recommendation. Paige Mcglauflin, Fortune, 13 July 2022 Through May of this year, fewer job cuts have been announced than last year — or in any January-May time period in nearly two decades, according to outplacement firm Challenger, Gray & Christmas. Katie Johnston, BostonGlobe.com, 3 July 2022 The executive outplacement firm found 668 CEOs left their roles from January through May, up 24% from the same period in 2021 and the highest total in that five-month period of the year since the firm began tracking CEO changes in 2002. Alex Harring, WSJ, 17 June 2022 See More
Matt Egan, CNN, 7 Sep. 2022 But Andy Challenger, senior vice president of outplacement firm Challenger, Gray & Christmas, said that remote employees might be missing out on opportunities. Robyn A. Friedman, WSJ, 18 Aug. 2022 Located on Sheridan Road and set on a 1.72-acre parcel, the mansion had been the longtime home of the late James Challenger, who founded the outplacement firm of Challenger, Gray & Christmas. Bob Goldsborough, Chicago Tribune, 15 Aug. 2022 From June to July, layoffs by US employers declined by more than 20%, according to executive outplacement firm Challenger, Gray, & Christmas. Nate Dicamillo, Quartz, 5 Aug. 2022 According to Challenger, Gray & Christmas, a management consulting and outplacement support services firm, job cuts spiked 57% from May 2022. Jack Kelly, Forbes, 19 July 2022 Many companies offer extended health care coverage and transition resources like outplacement services and letters of recommendation. Paige Mcglauflin, Fortune, 13 July 2022 Through May of this year, fewer job cuts have been announced than last year — or in any January-May time period in nearly two decades, according to outplacement firm Challenger, Gray & Christmas. Katie Johnston, BostonGlobe.com, 3 July 2022 The executive outplacement firm found 668 CEOs left their roles from January through May, up 24% from the same period in 2021 and the highest total in that five-month period of the year since the firm began tracking CEO changes in 2002. Alex Harring, WSJ, 17 June 2022 See More Word History
First Known Use
1948, in the meaning defined above