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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.
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.
the act of moving to a smaller home. Thinking about downsizing? We can help find the right property for you. Check pronunciation: downsizing. Definition of downsizing noun in Oxford Advanced Learner's Dictionary. Meaning, pronunciation, picture, example sentences, grammar, usage notes, synonyms and more.
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.
Oct 31, 2022 · Indeed Editorial Team. Updated October 31, 2022. Downsizing is a process some businesses choose to undertake when facing financial problems or seeking to restructure their organization. During downsizing, managers and administrators maintain positive attitudes and gather information to decide how to reduce the workforce within the company.
