Downsizing

Downsizing is the planned elimination of jobs in an organization.

Definition

According to Management by Robbins and Coulter (14th edition),

Downsizing. The planned elimination of jobs in an organization.

According to Cost Accounting by Horngren, Datar, Rajan (14th edition),

Downsizing. An integrated approach of configuring processes, products, and people to match costs to the activities that need to be performed to operate effectively and efficiently in the present and future. Also called rightsizing.