a situation in which people lose their jobs, or companies stop doing business, because of economic difficulties

The shakeout in the labour market after Christmas usually makes January a bad month for unemployment. 圣诞节之后，劳动力市场的衰退通常会加剧一月份的失业状况。

There has been a shakeout of inefficient corporations. 一些效率低下的公司倒闭了。