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downsizing  

Definition

  • Downsizing refers to the reduction of employees in a business enterprise for economic or business reasons. In contrast to being fired, to be downsized is usually not strictly related to personal performance but rather to economic cycles or a company's need to restructure itself. [Source: Encyclopedia of Social Problems; Downsizing]

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https://concepts.sagepub.com/social-science/concept/downsizing

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