Outplacement (noun)

1. The process of helping employees who have been made redundant to find new employment.
2. Services provided to such employees, typically including career counseling, job search assistance, and retraining.

Origin:

Late 20th century: from out- "out" + placement.

Examples:

1. The company offered outplacement services to the employees that were laid off.
2. The outplacement program helped him to find a new job quickly.
3. Outplacement services can be a valuable tool in helping employees transition to new employment.
4. The company's outplacement program is designed to assist employees in finding new jobs.
5. The outplacement process includes career counseling, job search assistance and networking opportunities.