What is downsizing?

Question

What is downsizing?

Answer 1

Usually downsizing refers to when a company needs to lower costs, so they reduce the number of employees they have..........in other words, lay people off.

Answer 2

When you downsize, you generally layoff or fire workers

Answer 3

Dont forget about making sure the shareholders are happy too.......

Answer 4

peace you've been FIRED

Answer 5

down sizing = layoffs

Answer 6

going to something smaller than the last

Answer 7

Downsizing is when honest hardworking people lose their jobs and management gives themselves a big pay hike as a reward for saving the company so much money.

Answer 8

Downsizing involves cutting expenses and usually results in the laying off of personnel.  In a large company it can actually be middle management that is most in danger as they make more money than employees on the "front line" and are not

directly bringing in revenue. In smaller companies it may be the most recently hired that are let go first. In any case downsizing involves eliminating personnel.