HR Glossary

What is Downsizing?

The planned, permanent reduction of an organization's workforce, typically driven by financial pressure, declining revenue, or the need to cut operating costs quickly.

Why it matters in hiring

Downsizing comes up whenever teams compare candidates, set policy or report on people data. Getting the definition right keeps decisions consistent, which is the same reason springhire scores every applicant against the same criteria rather than on impression.

Related terms starting with D

• Disability Insurance
• Diversity and Inclusion
• Diversity Hiring
• DPDP Act - Digital Personal Data Protection Act
• Dual Vocational Training (Germany)
• Disciplinary Action
• Discretionary Effort
• Dual Career Ladder

Part of the springhire HR glossary, 1,150+ HR, payroll and recruiting terms defined. Free, no signup.