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Walkout In labor disputes, a walkout is a labor strike, the act of employees collectively leaving the workplace as an act of protest. A walkout can also mean the act of leaving a place of work, school, a meeting, a company, or an organization, especially if meant as an expression of protest or disapproval.
Definition of buyout. 1  1 : an act or instance of buying out. 2  2 : a financial incentive offered to an employee in exchange for an early retirement or voluntary resignation.