The company for which Margaret works has announced that due to declining global sales, it will lay off 12 percent of its labor force. This is an example of ________.
A) innovating
B) telecommuting
C) restructuring
D) outsourcing

Question

Quizplus · Accepted Answer

Restructuring involves simplifying, shrinking, or downsizing an organization's operations to lower operating costs. It can be done by eliminating product teams, shrinking departments, and reducing levels in the hierarchy, all of which result in the loss of large numbers of jobs of top, middle, or first-line managers, as well as nonmanagerial employees.

The Company for Which Margaret Works Has Announced That Due