Downsizing is a strategic measure taken by organizations to reduce their workforce and operational size with the primary goal of boosting profitability, cost-efficiency, and flexibility.
Empty nesters are couples whose children have left the family household. This demographic forms an important segment of the housing market due to their tendency to downsize their living spaces. As a result, they drive demand for smaller housing units.
Outplacement refers to job placement assistance and programs administered by organizations implementing downsizing or other staff reductions. These activities are designed to support separated employees in their transition to new employment opportunities.
Rationalization refers to reorganization efforts within a firm, group, or industry aimed at increasing efficiency and profitability. Activities under rationalization may include closing redundant units, expanding others, or restructuring the product range to adapt to market demands.
Restructuring involves reorganizing the composition and operations of an organization, which can result in significant changes, including the elimination or replacement of departments and divisions, and potentially causing temporary or permanent layoffs.
