IPA: /ˈwɔːk.aʊt/
KK: /ˈwɔkˌaʊt/
The act of leaving a meeting, workplace, or organization, usually to show disagreement or protest.
The employees staged a walkout to demand better working conditions.
Walkout → It is formed from "walk" (from Old English "wealcan", meaning to move by foot) and "out" (meaning away from a place). The word "walkout" refers to the act of leaving a place, especially in protest or as a form of demonstration.
Think of moving by foot ('walk') and going away ('out') — that's why a walkout means leaving a place, often in protest.
No commonly confused words.