What does shakeout mean?
A shakeout is a process of elimination or reduction, often resulting in the removal of weaker or less competitive elements. It can also refer to a period of adjustment or settling.
Example
"The company went through a shakeout after the economic downturn, resulting in the closure of several underperforming branches."
Reviewed by Deb Chak, Editor. AI-assisted content curated by RJS Tech Solutions LLP.