Definition, Meaning & Synonyms
shakeout
Noun
/ˈʃeɪkaʊt/
Definition
A shakeout refers to a situation in which weaker participants in a market or industry are eliminated, often followed by a period of consolidation among the stronger players.
Examples
- The recent shakeout in the tech industry led to the closure of many startups.
- Investors were anxious during the shakeout period but recognized it was necessary for growth.
Meaning
The term can also indicate a rigorous process or event that sifts through what is unnecessary or unsustainable, leading to a more stable outcome.
Synonyms
- consolidation
- purge
- cleansing
