What is Downsizing?

Answer:
Downsizing refers to situations in which companies reduce their overall size,

number of employees, or operating costs. Downsizing is most common during difficult economic times, as companies try to survive and compete with other companies, lessening the cost of doing business in any way they can.

Downsizing can be very traumatic for employees who are affected. An employee might be replaced my a machine, or his job may be merged with another job or made redundant. In some cases, an entire department might be cut, putting a great number of employees out of a job through no fault of their own.


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