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Downsizing |
Also found in: Dictionary/thesaurus, Legal, Encyclopedia, Wikipedia, Hutchinson | 0.04 sec. |
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Downsizing A company's reduction in the number of employees, number of bureaucratic levels, and overall size in an attempt to increase efficiency and profitability. Downsizing The act or practice of reducing the size of a company by laying off part of the workforce. If a division is thought to be too large or entirely unnecessary, a company may fire some of its employees and keep only the most efficient workers or divisions. This is thought to be a way to improve efficiency, though, obviously, it has the potential to increase unemployment in the broader economy. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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Superior's corporate offices and 125 corporate staff, which also are located at this facility, will not be affected by the downsizing. 2) Downsizing through integration of peripheral circuitry Prior to the downsizing, I had taken out a loan against my 401(k) and was paying it back. |
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