What is Divestiture? | Meaning & Definition | Akrivia HCM

Divestiture is a divestment or a decision to sell financial assets or business operations. Human resources departments often use the term as a corporate strategy for making certain employees redundant – eliminated from the company’s operations in whole or in part. These types of cases often appear when larger businesses seek to streamline or optimize their workforce or when companies are seeking to complete an acquisition of another business.

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