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Jul 30, 2021 · Downsizing is the permanent reduction of a company's labor force by removing unproductive workers or divisions. While it is generally implemented during times of...
The meaning of DOWNSIZE is to reduce in size; especially : to design or produce in smaller size. How to use downsize in a sentence. to reduce in size; especially : to design or produce in smaller size; to fire (employees) for the purpose of downsizing a business…
Add to word list. 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.
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 aim of downsizing.
to make a company or organization smaller by reducing the number of people working for it, or to become smaller in this way: to downsize your workforce / company. The plight of the economy is forcing businesses to downsize. to move to a smaller home, usually because your home has become too large for you or as a way of saving money:
noun. the act or process of reducing the number of something, such as employees or participants, usually as a cost-cutting measure: The company’s downsizing eliminated approximately 39% of all executive positions. the act or process of replacing something larger with something smaller, such as moving into a smaller house:
Jul 22, 2020 · Updated on July 22, 2020. In This Article. Definition of Downsizing. How Does Downsizing Work? Finding a Job After Downsizing. Applicable Legislation. Alternatives to Downsizing. Photo: Steve Debenport / Getty Images. Downsizing occurs when a company permanently reduces its workforce.
