outplacement
noun
                                                                                                                            
                                                            out·place·ment
                    
                                                                                                              
                                                                                                                                  ˌau̇t-ˈplās-mənt 
                                                                                                                              
            ˈau̇t-ˌplās-
                                                      
                                                          
                                
              
          
                                                      : the process of easing unwanted or unneeded executives out of a company by providing company-paid assistance in finding them new jobs                                      
                
                    
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  Merriam-Webster unabridged




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