Downsizing: meaning, definitions and examples
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downsizing
[ ˈdaʊnˌsaɪzɪŋ ]
company restructuring
To reduce the size or number of employees in a company, often as a cost-cutting measure or due to a decline in business.
Synonyms
downscale, lay off, reduce staff
Examples of usage
- Following the merger, the new company decided to downsize its workforce.
- The company announced plans to downsize by 20% over the next fiscal year.
business management
The process of reducing the size or scale of a business operation.
Synonyms
reorganization, restructuring, rightsizing
Examples of usage
- The downsizing of the department led to increased efficiency.
- The downsizing of the company was necessary to adapt to market changes.
Translations
Translations of the word "downsizing" in other languages:
🇵🇹 redução de pessoal
🇮🇳 कर्मचारी संख्या घटाना
🇩🇪 Personalabbau
🇮🇩 pengurangan tenaga kerja
🇺🇦 скорочення штату
🇵🇱 redukcja etatów
🇯🇵 人員整理
🇫🇷 réduction des effectifs
🇪🇸 reducción de personal
🇹🇷 personel azaltma
🇰🇷 인원 감축
🇸🇦 تقليص عدد الموظفين
🇨🇿 snižování počtu zaměstnanců
🇸🇰 zmenšovanie počtu zamestnancov
🇨🇳 裁员
🇸🇮 zmanjševanje števila zaposlenih
🇮🇸 fækkun starfsmanna
🇰🇿 қызметкерлер санын қысқарту
🇬🇪 თანამშრომლების შემცირება
🇦🇿 işçilərin azaldılması
🇲🇽 reducción de personal
Etymology
The term 'downsizing' originated in the business world in the 1970s and became popular during the economic downturns of the 1980s and 1990s. It is often associated with corporate restructuring, cost-cutting measures, and adapting to changing market conditions. The practice of downsizing has both positive and negative impacts, as it can lead to increased efficiency and competitiveness, but also result in job losses and employee morale issues.
See also: down, downcast, downsize, downstairs, downward, downwards, downy.