{i} act of reducing the size of, bringing something down to a smaller scale; lowering expenses, taking various measures to cut costs in order to stabilize the financial situation of a corporation (e.g. manufacturing in smaller amounts, reducing number of employees, etc.)
An integrated approach to configuring processes, products and people in order to match costs to the activities that need to be performed for operating effectively and efficiently
A reduction in the staffing requirements of businesses which can follow after privatisation for a variety of reasons such as competitive pressures or the need to increase the profitability of the business by cutting costs
a reduction in the number of an organizations personnel Some downsizing may occur through attrition, while others take place more aggressively through layoffs and terminations
This is when a company reduces its workforce due to the impact of technological changes, changes in government policies or reduced demand of product and services
Reducing the number of employees at a company Occasionally necessary In the mid-Nineties, it was too often done in conjunction with BPR projects and many employees now associate BPR with downsizing