From Longman Dictionary of Contemporary Englishbe on the/your way outbe on the/your way outto be becoming less popular, important, powerful etc Is the royal family on the way out? → way
Examples from the Corpus
be on the/your way out• As October 18 dawned, Joe felt confident that Stilwell was on his way out.• It also looks like Shutt is on his way out ... bit of a shame really.• The old man could be on the way out, and anyone on the way out is inevitably a centre for drama.• All I know is that I am on my way out.• But drive-ins are on the way out.• But if Mr Mugabe is on the way out, he has little incentive to drop his assault on the farms.• Revue was on its way out.• Platform shoes are on the way out.• If your expenses are even one percent higher than your revenues, you are on your way out of business. 