BACHELOR OF BUSINESS ADMINISTRATION

Detailed explanation-1: -Downsizing is the permanent reduction of a company’s labor force by removing unproductive workers or divisions. While it is generally implemented during times of stress and a decline in revenues, downsizing can also be used to create leaner and more efficient businesses.

Detailed explanation-2: -Definition of Downsizing Downsizing is the process of reducing costs by reducing headcount. Jobs may be eliminated voluntarily, by offering employees a buyout, or involuntarily, through a layoff. Alternate names: layoff, reduction in force, rightsizing.

Detailed explanation-3: -Downsizing is the process of terminating multiple employees at the same time. There are three major reasons that organizations conduct downsizing: Cost reduction. Adoption of new technologies that reduce the need for a large number of employee.

Detailed explanation-4: -Downsizing can take a toll on workforce morale; employees may feel betrayed. Long-term consequences of altering the work environment include increased voluntary turnover and decreased innovation.