Answer:
Downsizing
Explanation:
Downsizing is the permanent reduction of a company's labor force through the elimination of unproductive workers or divisions. Downsizing is a common organizational practice, usually associated with economic downturns and failing businesses .Downsizing is when companies terminate multiple employees at the same time, often to save money. As opposed to termination for cause, downsizing is typically not due to any conduct on the part of the employee. Other words for downsizing include: layoffs/laying off, reduction in force, making redundant. Downsizing results in layoffs of employees. Sometimes, these are permanent layoffs; but other times, employees may be rehired after a restructuring period. Layoffs are often followed by other restructuring changes, such as branch closings, departmental consolidation, and other forms of cutting pay expenses. Corporate downsizing is often the result of poor economic conditions. Typically, the company has to cut jobs in order to lower costs or maintain profitability. Downsizing may also occur during a merger between two companies, or an acquisition of the company by another. If the merger or acquisition has not yet happened, a company might downsize to look like a more viable candidate. Other times, a company downsizes when a product or service is cut, or the economy falters.
