Definition of shakeout in English:

shakeout

Syllabification: shake·out
Pronunciation: /ˈSHākˌout
 
/

noun

informal
An upheaval or reorganization of a business, market, or organization due to competition and typically involving streamlining and layoffs.
More example sentences
  • But the underlying cause of last week's yo-yo-ing on the markets was the long-awaited shake-out of the over-valued internet companies.
  • The market will witness a shake-out when the de-tariffing of motor and fire insurance takes place.
  • Taken over a five-year period, the Irish pension funds have yielded an average return of just 1.1%, dragged down by the shake-out that started in the Nasdaq in 2000 when the high-tech bubble finally burst.

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Word of the day erroneous
Pronunciation: ɪˈrəʊnɪəs
adjective
wrong; incorrect