English version

shakeout in Economics topic

From Longman Dictionary of Contemporary Englishshakeoutshake‧out /ˈʃeɪkaʊt/ noun 🔊 🔊 1 [countable usually singular]PE a situation in which several companies fail because they cannot compete with stronger companies in difficult economic conditions2 [countable]BBCHANGE/MAKE something DIFFERENT a shakeup
Examples from the Corpus
shakeoutThen, as always, there was a crash and a shakeout.But the much-needed corporate shakeout is held up by feeble bankruptcy rules.The current shakeout may serve to separate the haves from have-nots.Especially with the middle-management shakeout of the nineties, bosses change.The shakeout fuels the consolidation, as groups of lawyers from failed firms attach themselves to larger firms.