shakeout for learners of American EnglishPowered by COBUILD (ʃeɪkaʊt)
Word forms: shakeouts
regional note: in BRIT, use shake-out
countable noun [usu sing]
A shakeout 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 shakeout in Italian banking.