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26 Mei 2024 · Downsizing is the permanent reduction of a company's labor force through the elimination of unproductive workers or divisions. Downsizing is a common...
In business, Downsizing refers to reducing operating costs – making a company leaner – often described as ‘trimming the fat’. This involves reducing the size of the workforce, plant closures, and making the firm’s departments more productive and efficient.
the practice of making a company or an organization smaller by reducing the number of people working for it, or an occasion when this is done: The company announced a worldwide downsizing of its operations. There have been reports of layoffs and downsizings. corporate downsizing.
29 Mei 2023 · The term downsizing refers to a deliberate and strategic reduction of an organization’s workforce. It involves eliminating jobs, positions, or departments as a means of accomplishing specific goals.
DOWNSIZE definition: 1. to make a company or organization smaller by reducing the number of people working for it, or to…. Learn more.
22 Jul 2020 · Downsizing occurs when a company permanently reduces its workforce. Read more about its effects, including how to deal with a layoff.
The meaning of DOWNSIZE is to reduce in size; especially : to design or produce in smaller size. How to use downsize in a sentence.
Downsizing definition: the act or process of reducing the number of something, such as employees or participants, usually as a cost-cutting measure. See examples of DOWNSIZING used in a sentence.
To downsize something such as a business or industry means to make it smaller. [business] American manufacturing organizations have been downsizing their factories. [VERB noun] ...today's downsized economy. [VERB-ed] ...a consultant who's helped dozens of companies downsize. [VERB] downsizing uncountable noun.
A downsizing strategy refers to the planned elimination of positions or jobs in a company as part of a strategic initiative to improve efficiency, productivity, or profitability.
