Downsizing
The definition of downsizing or laying off staff basically means that the organisation is looking to reduce the number of its employees within their organisation.
Most employers will state that downsizing a business is a permanent measure to reduce the organisation's overheads and payroll costs. As laying off employees is generally considered to be seen as a temporary measure for the organisation with the possibility that employees can be rehired at a later date. Organisations can also provide early retirement, voluntary redundancy and transfers to sister organisations in the effort to downsize their workforce.
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