Definition
A service provided to laid-off employees to help find new jobs, often described as generous while amounting to mostly LinkedIn profile coaching.
Example Usage
My severance included three months of outplacement, which amounted to someone checking my LinkedIn headlines.
Origin
Developed in the 1980s as a more humane alternative to just firing people
Fun Fact
Expensive outplacement programs correlate poorly with actual job placement rates.
Source: Severance and transition services
Related Terms
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See “Outplacement” in Corporate Speak, Gen-Z Slang, Pirate Speak, and more.
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