Definition Definition

Downsizing

Firms usually downsize to improve their financial positions. Downsizing is the activities undertaken to improve organizational efficiency, productivity, and/or competitiveness that affect the size of the firm’s workforce, the costs, and the work processes. It is the process of reducing, usually dramatically, the number of people employed by a firm.


Downsizing refers to the process of reducing, usually dramatically, the number of people employed by the firm.

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