Which of the following is a term used to describe efforts made by a downsizing company to help former employees through the transition to new jobs and help them re-orientate to the job market?

Duty of diligence is a legal and fiduciary concept referring to the obligation to act carefully and thoroughly in a given role, not a term for post-layoff employee transition support.

An exit interview is a structured conversation held with a departing employee to gather feedback about their experience, not a program aimed at helping them find new employment.

Utility function is an economic or decision-theory concept describing how preferences are ranked, and has no application to employee transition support services.

Outplacement is the formal HR term for employer-sponsored assistance given to laid-off or downsized employees to help them re-enter the job market. It typically involves career counseling, interview coaching, and job placement resources, and is considered a best practice for managing workforce reductions with minimal disruption to both departing employees and remaining staff.