What is Downsizing? | Meaning & Definition | Akrivia HCM

The downsizing of an organization is the reduction in the number of employees. It is an overall strategy to achieve organizational goals when companies face a crisis. Human resource management plays a vital role in the downsizing process to ensure their rights are fully protected and not subjected to any injustice. However, the individuals affected by this practice must adequately understand the entire situation to handle them even in a difficult situation.

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