shake-out

noun
🔊/ˈʃeɪk aʊt/
🔊/ˈʃeɪk aʊt/
[usually singular]
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  1. a situation in which people lose their jobs and less successful companies are forced to close because of competition and difficult economic conditions经济衰退;经济萧条
    • Experts are predicting a shake-out of the overcrowded airline market.专家们预测,过度拥挤的航空市场将被淘汰。
    Topics Businessc2
  2. (also shake-up)
    a situation in which a lot of changes are made to a company, an organization, etc. in order to improve the way in which it works 经济衰退;经济萧条