Скачать или смотреть Top 6 Reasons for Downsizing a Business

Downsizing is typically defined as "trimming the fat," which indicates a company is doing it to minimize the operating costs and make the firm leaner. Economic crises are probably the most significant causes of why companies resort to downsizing their business. When a recession strikes and the demand is low or in less boom, most companies are forced to downsize their workforce. A change in a company's management, such as changes in the working procedures and methods, can also lead to downsizing. Some workers leave the company by layoffs or voluntarily.

Merging of companies is another popular reason for company downssize. Companies that deal in global markets need a vast and efficient workforce. They can obtain the labor by "exporting" some of the most important jobs to other countries.

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