Downsizing is the planned elimination of organizational positions. It involves reducing the number of employees, managers, or departments within an organization in order to make it more efficient or to cut costs. It is often done during times of economic downturn or when a company is undergoing restructuring. This can involve layoffs, early retirement, or the consolidation of job functions.

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Downsizing Is

Question 54

Multiple Choice

Downsizing is

A) the planned elimination of organizational positions.
B) efforts to achieve maximum corporate effectiveness.
C) transition from corporate equity to corporate debt.
D) the sale of less efficient operating units.
E) reducing waste in the corporation.

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