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What is a shakeout?

What is a shakeout? Here are some definitions.

Noun
  1. An event that causes marginal constituents to be eliminated.
  2. (engineering) The separation of molds from their flask, the castings from the molding sand, and potentially the cores from the castings.
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Examples
As the dust begins to settle from the shakeout in the U. S., Canada's banks face some interesting choices.
However, Fitzpatrick said that WorldCom Ireland was returning a profit and was confident it could survive the shakeout.
For one thing, it appears that a good deal of the shakeout in the financial sector has already happened.
Nowadays, published thesis are rare and the shakeout they undergo deprive off the reader from a part of the scientific part that is associated.
Good, earthy food is a leading reason for the success of brewpubs that have survived the late 1990s shakeout.
There is a shakeout as undercapitalized and high-cost firms fail.

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