Downsizing or Rightsizing: Using the Proper Term can Make a big Difference

By |2023-06-27T17:57:22-05:00October 16th, 2012|Categories: Downsizing, Rightsizing|Tags: , , , |

This may seem a little nit-picky, but terms you use in a conversation can sometimes make a big difference. For example, the first time I heard the term downsizing, it was used as a negative connotation. The definition of downsizing according to the Merriam-Webster dictionary is, 'to reduce in size'. That doesn't really sound so bad. It was quite a while ago and it was used in the media to describe a strategy that large companies were implementing to cut costs. These companies were laying off large groups of employees to save money because they were not making enough sales to [...]