shakeout
/ˈʃeɪkaʊt/
noun
- A situation in which weaker or less successful companies, people, or products are eliminated from a market or competition, often leading to a stronger remaining group.
- Investors expect a shakeout in the renewable energy sector as competition increases.
- The tech industry went through a major shakeout, with many startups closing down.
- After the shakeout, only three major airlines remained in the country.
- A period of adjustment or reorganization in an industry or organization, often involving layoffs or restructuring.
- The retail shakeout forced many stores to close or merge.
- A shakeout in the banking sector led to stricter regulations.
- The company's shakeout resulted in the loss of hundreds of jobs.
Synonyms