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Downsizing

   Also found in: Dictionary/thesaurus, Legal, Encyclopedia, Wikipedia, Hutchinson 0.03 sec.
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.
Downsize
To reduce the size of a company. A company downsizes when its operations are perceived to become inefficient and it wishes to concentrate on certain competencies in order to improve profitability and reduce expenses. Downsizing often reduces the number of jobs at the company. Because downsizing reduces expenses, it often increases the company's value and/or dividends for shareholders.
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Those who survive downsizing tend to lose morale and trust in management.
How to Practice Downsizing without the Negative Effects by Amy Nutt / Business community
Clearly, many businesses have had to cut back on staff, but we know that many are concerned about not downsizing so severely that they are too lean to manage the opportunities when the economy turns.
FIRM'S FREE ADVICE by Evening Chronicle (Newcastle, England)
The downsizing plan of Evergreen is a continuation of its conservative policy in expanding its fleet in recent years, in sharp contrast to the aggressive expansion of some other shippers, many of which have built super-sized container ships with over 10,000 TEUs (twenty-foot equivalent units) of capacity.
Evergreen will downsize fleet to cope with chilly market by The Taiwan Economic News
 
 
 
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