What Is Downsizing?

Answer

Downsizing refers to reducing of the number of employees on the operating payroll or a cutback in a company's operations and usually implies a reduction in its employee headcount as well. It results from many factors which are increased global competition, new technologies, and weaker labour unions.
Q&A Related to "What Is Downsizing"
The function of downsizing, regardless of the purpose, is to reduce the number of employees at a company. While the function is always the same, the purpose and process can take different
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term for a corporate strategy popular in the 1990s whereby a company reduces its size and complexity, thereby presumably increasing its efficiency and profitability. Downsizing is
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Downsizing is the process of reducing the number of workers in a certain firm. There are a lot of reasons why a firm undergo into downsizing. One reason is to minimize the cost, and
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downsizing: the reduction of expenditures in order to become financially stable
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Ask.com Answer for: what is downsizing
down·size
[doun-sahyz]
VERB (USED WITH OBJECT) [DOWN·SIZED, DOWN·SIZ·ING.]
1.
to design or manufacture a smaller version or type of: The automotive industry downsized its cars for improved fuel economy.
2.
to reduce in number; cut back.
ADJECTIVE
3.
being of a smaller size or version: a downsize car.
Source: Dictionary.com
Downsizing is the reduction of expenditures in order to become financially stable. It usually implies a reduction in its employee headcount as well. Downsizing results from many factors, including increased global competition, new technologies, and weaker labour unions.
Downsizing is a commonly used euphemism which refers to reducing the overall size and operating costs of a company, most directly through a reduction int he total number of employees.
Downsizing is an act which a company lay's off employees in an effort to save the company money and prevent the company from going under.
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