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Downsizing refers to reducing the size of a company's workforce through layoffs or employee terminations. Organizations may downsize to cut costs or make their operations more efficient. While downsizing aims to improve a company's financial position, it can negatively impact employee morale and productivity if not implemented carefully with consideration for those remaining after cuts are made.
Downsizing refers to reducing the size of a company's workforce through layoffs or employee terminations. Organizations may downsize to cut costs or make their operations more efficient. While downsizing aims to improve a company's financial position, it can negatively impact employee morale and productivity if not implemented carefully with consideration for those remaining after cuts are made.
Downsizing refers to reducing the size of a company's workforce through layoffs or employee terminations. Organizations may downsize to cut costs or make their operations more efficient. While downsizing aims to improve a company's financial position, it can negatively impact employee morale and productivity if not implemented carefully with consideration for those remaining after cuts are made.