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Downsizing
DOWNSIZINGDOWNSIZING is the act of reducing the number of employees within a company in order to decrease costs and increase efficiency, with the ultimate goal of greater profitability. Downsized companies either continue the same work functions with fewer employees or they decrease the scope of company wide activities. More than 85 percent of Fortune 1000 corporations downsized professional staff between 1987 and 1991, and analysts have suggested that the rise of automation is causing the loss of jobs, both in manual labor and service industries. In 1996, the New York Times wrote that, because of downsizing, the workplace is changing as greatly as it did during the industrial revolution. Advocates applaud streamlining, believing that down-sizing reduces bureaucracy and leads to greater productivity. Critics, however, cite a 1991 Wyatt Company survey of 1,005 downsized businesses, which found that fewer than one-third of the companies experienced projected profitability, 46 percent discovered that expenses did not decrease as expected, and only 22 percent encountered satisfactorily increased productivity. Downsizing also eliminates employees with vital skills, leading to disruption of productivity, and employees who remain often experience reduced morale. BIBLIOGRAPHYNew York Times. The Downsizing of America. New York: Times Books, 1996. Kelly BoyerSagert See alsoCorporations . |
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"Downsizing." Dictionary of American History. 2003. Encyclopedia.com. 30 May. 2012 <http://www.encyclopedia.com>. "Downsizing." Dictionary of American History. 2003. Encyclopedia.com. (May 30, 2012). http://www.encyclopedia.com/doc/1G2-3401801271.html "Downsizing." Dictionary of American History. 2003. Retrieved May 30, 2012 from Encyclopedia.com: http://www.encyclopedia.com/doc/1G2-3401801271.html |
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downsizing
downsizing Informal Moving away from mainframe-based computer organization toward a distributed environment such as a network of workstations.
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Cite this article
JOHN DAINTITH. "downsizing." A Dictionary of Computing. 2004. Encyclopedia.com. 30 May. 2012 <http://www.encyclopedia.com>. JOHN DAINTITH. "downsizing." A Dictionary of Computing. 2004. Encyclopedia.com. (May 30, 2012). http://www.encyclopedia.com/doc/1O11-downsizing.html JOHN DAINTITH. "downsizing." A Dictionary of Computing. 2004. Retrieved May 30, 2012 from Encyclopedia.com: http://www.encyclopedia.com/doc/1O11-downsizing.html |
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