Definition: Downsizing is an euphemism referring to an organization's need to streamline its operations, often combined with layoffs, in order to cut labor costs by reducing the size of the company. |
More on termination of employment: Attrition, Dismissal, Employee Exit Management, Employee Furlough, Exit Interview, more on termination of employment... You may also like: Full-time MBA, Executive MBA, Executive Education, Online MBA. MBA Brief offers concise, yet precise definitions of concepts, methods and models as taught in a study Master of Business Administration. We like to keep things short, and provide links to learn more about your subject. |
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