Norton is a human resource manager at a large multinational company.After a drastic drop in revenue,his company thinks of ways to correct the situation.At a meeting with the top management,the CEO suggested that the company should reduce its workforce by 20 percent.This move would help the company cut costs and continue functioning on the current projects.In this scenario,which of the following strategies is Norton's company planning to use?

Question

Quizplus · Accepted Answer

The company is planning to use downsizing as a strategy to reduce its workforce by 20 percent in order to cut costs and continue functioning on the current projects. Downsizing involves reducing the number of employees to decrease costs and improve efficiency.

Norton Is a Human Resource Manager at a Large Multinational