Definition of shakeout in English:
An upheaval or reorganization of a business, market, or organization due to competition and typically involving streamlining and layoffs.
- 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.
Definition of shakeout in:
- British & World English dictionary
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