Downsizing was used extensively by firms during the Great Recession of 2008,causing the U.S.unemployment rate to jump up to about 10 percent.

Question

Quizplus · Accepted Answer

Downsizing, which is the process of reducing an organization's workforce, was indeed used extensively by firms during the Great Recession of 2008. This resulted in a significant increase in the unemployment rate in the United States, which reached a peak of about 10 percent.

Downsizing Was Used Extensively by Firms During the Great Recession