Startup words, jargon and slang, business english

What does Downsizing mean?

Downsizing means when a company has to lay off a part of its employees, resulting in saving costs. It can have many reasons, the most common one is when the company is not profitable for a longer period of time and that’s how they want to save resources. Rightsizing is part of Downsizing when the aim is not cost reduction but efficiency.

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