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.

According to the Strategic Management by Parnell (4th edition),

Downsizing. A means of organizational restructuring that eliminates part or all of one or more hierarchical levels from the organization and pushes decision-making downward in the organization.