Shakeout (noun)

A period of consolidation or downsizing in a particular industry, during which weaker or inefficient competitors are eliminated.

Origin:

Derived from the verb 'shake out', meaning to separate and eliminate.

Examples:

1. The shakeout in the airline industry led to the consolidation of several small airlines into a few large ones.
2. The shakeout in the tech industry caused many startups to fail or be acquired, leaving only the strongest and most innovative companies standing.
3. The shakeout in the retail industry resulted in the closure of many brick-and-mortar stores and a shift towards online shopping.
4. The shakeout was seen as a natural part of the industry's evolution, with only the strongest and most efficient companies surviving.
5. Despite the turbulence of the shakeout, many industry leaders remained optimistic about the future and saw it as an opportunity to improve and grow.