HR Glossary

Downsizing

Table of contents

Downsizing definition

Downsizing, sometimes referred to as layoff, is the process of company’s permanent reducing of workforce by terminating the employment of employees.

what-is-downsizing

Downsizing definition

Downsizing, sometimes referred to as layoff, is the process of company’s permanent reducing of workforce by terminating the employment of employees. It generally occurs in recession to cut costs or yearly in order to maintain a competitive and efficient work force.

Employees who leave are often compensated by paying a fixed amount or a few months salary. Downsizing affects both the employees who are leaving and the remaining employees who may fear themselves to be in a similar situation at a later time.

See TalentLyft in action

Applicant Tracking, Recruitment Marketing, Sourcing and Talent CRM software are powerful alone, but unstoppable when used together!

Related content

  • Abandon rate

    Abandon rate is one of the most important HR metrics. They show HR professionals how optimized and user-friendly their job application forms and process are.  Abandon rate...

  • Benchmarking

    Benchmarking is a type of measurement technique to evaluate the quality of organizations's policies, products and strategies using specific standards to make comparisons between different organizations...

  • Buzz Marketing

    Buzz marketing is a viral marketing technique which tries to make close, spontaneous interaction with consumers instead of an obvious marketing pitch.Buzz marketing definition Buzz marketing...

  • Change Management

    Change management is a collective term which refers to an overarching, guided process for transitioning individuals, teams or organizations from one state to another.Change management definitionChange...

  • Crowdsourcing

    Crowdsourcing means obtaining services, work, information or opinions from a large independent group of people, most often from an online community, rather than from traditional type...

  • Diversity

    Diversity refers to the collective mixture of similarities and differences among company's employees such as: age, individual and organizational characteristics, values, beliefs, experiences, cultural background, religion,...

Explore more topics

  • HR Software

    Let HR technology make your work life easier! Streamline your HR processes, from payroll and benefits to talent management and recruitment, with powerful HR software. Save time, reduce manual tasks, and focus on strategic initiatives by working smarter, not harder.

    Learn more

  • Job Advertisement

    Learn how to craft compelling job postings that attract top talent. Discover the best platforms to publish your job ads and effective promotion strategies to reach a larger pool of high-quality candidates. Maximize your job ad's visibility and ensure you get the right candidates for your open roles.

    Learn more

  • Training and Development

    Training and development of your existing and new employees is what drives organizational success in the long term. By giving your people opportunities to educate themselves and improve their skills and expertise, you create a culture of learning, reducing turnover and improving productivity. Learn all the best practices and set up your employees for success!

    Learn more

  • Company Culture

    Finding the perfect fit for your organization goes beyond just skills and qualifications. It's about discovering candidates who align with your company's values, mission, and vision. Explore our insightful articles and expert tips to understand the significance of a well-defined company culture in attracting top talent, learn how to assess and define your organization's unique cultural attributes, and discover strategies to infuse your hiring process with culture-fit considerations.

    Learn more

  • Successful Recruiter

    Discover the key traits, strategies, and tools that make a recruiter successful. Learn how to build strong relationships, source top talent, and navigate the hiring process efficiently. Equip yourself with the skills and techniques to consistently find and secure the best candidates for your organization.

    Learn more

  • Culture Fit

    Ensure culture fit in your hiring process with strategies that align candidates’ values and behaviors with your company’s culture. Learn how to assess cultural compatibility during interviews, foster a positive workplace environment, and build a team that not only excels in skills but thrives within your organization's unique culture.

    Learn more

Simple and affordable recruitment software

Schedule a Demo Start Free Trial