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downsizing
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downsizing

Restructuring of an organization, usually involving a significant reduction in workforce. A popular practice during the late 1980s and early 1990s, downsizing was seen as a way to deliver better shareholder value by reducing costs, and was associated with the practice of delayering.

One person strongly associated with the practice of downsizing was US business executive ‘Chainsaw’ Al Dunlap. Management thought has moved away from wholesale downsizing as a recovery strategy although it is still practised. The stigma associated with the term has led to the use of the euphemism rightsizing (see rightsize) instead.



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? Mentioned in ? References in periodicals archive
 
The Van Nuys-based supplier of aluminum wheels to automakers will downsize its staff by about 375 workers, Superior said in a statement.
Wheeling off by Los Angeles Business Journal
Conventional economic reasoning assumes that a firm that is initially at an optimal level of operations at which no change in any parameter would yield a higher profit-per-share, may need to downsize its operations to another optimum level if it experiences a "market shock.
The optimal decision on downsizing by Kellman, Mitchell / Journal of Academy of Business and Economics
As plans to downsize were revealed and unfolded, employees reacted to the possible loss of their own job, changing coworker relations, organizational support programs, leadership, and the impact work changes had on their lives at home.
Survivors of downsizing: helpful and hindering experiences by Erlebach, Anne C. / Career Development Quarterly
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