Downsizing is the process by which an organization tries to bring down the number of employees working for it by layoffs, terminations, spinoffs or voluntary retirements. This is mostly done as a result of the organization failing to perform certain activity or achieve certain target which may lead to budgetary constraints.
Tuesday 24 December 2013
Downsizing
Downsizing is the process by which an organization tries to bring down the number of employees working for it by layoffs, terminations, spinoffs or voluntary retirements. This is mostly done as a result of the organization failing to perform certain activity or achieve certain target which may lead to budgetary constraints.
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