What is Corporate Downsizing?
Corporate downsizing is the process of reorganizing a company structure in a manner that brings about layoffs of a portion of the company’s work force. The actual downsizing may be an attempt to keep the company profitable when demand for the business’s products or services declines, the elimination of a division or subsidiary that is considered outmoded and not in line with new company goals, or the result of a merger with another company. In any event, the workforce reduction will mean the loss of jobs for employees ranging from executives to hourly workers.
