Word forms: shake-outs
Definitionsregional note: in AM, use shakeout
countable noun [usu sing] A shake-out is a major set of changes in a system or an organization which results in a large number of companies closing or a large number of people losing their jobs. [journalism] ⇒ This should be the year of a big shake-out in Italian banking. ⇒ The party needs a shake-out, if it is to be the driving-force of the new politics.
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