Downsizing
Example
For example, a company that implements Downsizing strategies, like The company announced downsizing to cut costs and improve profitability., can see significant improvements in their business performance by streamlining workflows, enhancing productivity, and boosting overall profitability.
Definition
The process of reducing the size of a company, typically through layoffs, to improve financial performance. This term is crucial in the Downsizing context as it helps businesses understand how to Downsizing in their operations, making it highly relevant for industries looking to optimize Downsizing processes.
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