Downsizing 1
Downsizing 1 : A systematic scaling down of the operations (economic or social), of a private or public enterprise. It may be viewed as a 'trimming of the fat' process. This is pursued with a view to focusing on and enhancing those areas where efficiencies can be realized, and to abandon those, where not to do such, would be imprudent. An almost inevitable consequence of the process is the shedding of labour. Within the public sector, another consequence would be a substantial reduction in welfare and other state services
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