shakeoutnoun [ C usually singular ]
uk/ˈʃeɪk.aʊt/us/ˈʃeɪk.aʊt/a situation in which people lose their jobs, or companies stop doing business, because of economic difficulties:
The shakeout in the labour market after Christmas usually makes January a bad month for unemployment.
There has been a shakeout of inefficient corporations.
Thesaurus: synonyms and related words
Success & failure in business
- administration
- axe
- bankrupt
- bankruptcy
- branch
- branch out
- collapse
- establish
- fold
- foreclose
- joint venture
- liquidate
- liquidator
- locate
- moribund
- official receiver
- organic growth
- receivership
- shut (sth) down
- spin
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You can also find related words, phrases, and synonyms in the topics:
Firing staff