shakeout Meaning in the Cambridge English Dictionary Cambridge dictionaries logo

Meaning of “shakeout” in the English Dictionary

"shakeout" in British English

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shakeoutnoun [C usually singular]

uk   us   /ˈʃeɪk.aʊt/
a ​situation in which ​peoplelosetheirjobs, or ​companiesstop doing ​business, because of ​economic difficulties: The shakeout in the ​labourmarket after ​Christmas usually makes ​January a ​badmonth for ​unemployment. There has been a shakeout ofinefficientcorporations.
(Definition of shakeout from the Cambridge Advanced Learner’s Dictionary & Thesaurus © Cambridge University Press)

"shakeout" in Business English

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shakeoutnoun [C or U]

(also shake-out) uk   us   /ˈʃeɪkaʊt/
ECONOMICS a difficult ​economicsituation in which ​peoplelose their ​jobs and unsuccessful ​businessesclose down: The ​industry went through a ​badtime and there are not too many ​companiesleft after the shakeout. The ​recession will ​result in shakeout and ​temporarydecline in the ​industry.
MANAGEMENT the ​process of ​changing an ​organization to be more ​successful, especially by ​removingpeople: shakeout of sb/sth The ​company announced the shakeout of its ​seniormanagement.
(Definition of shakeout from the Cambridge Business English Dictionary © Cambridge University Press)
Translations of “shakeout”
in Chinese (Simplified) 萧条,衰退…
in Chinese (Traditional) 蕭條,衰退…
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“shakeout” in Business English

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