Meaning of the word "Between a rock and a hard place" in English

What does "Between a rock and a hard place" mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

Between a rock and a hard place

US /bɪˈtwiːn ə rɑːk ænd ə hɑːrd pleɪs/
UK /bɪˈtwiːn ə rɒk ænd ə hɑːd pleɪs/

Idiom

in a difficult situation where one has to choose between two equally unpleasant or unfavorable options

Example:
I'm between a rock and a hard place: if I take the new job, I'll have to move, but if I stay, I'll be stuck in a dead-end career.
The company found itself between a rock and a hard place when faced with rising costs and declining sales.