What Is Meant by Rightsizing? What Are the Considerations to Keep

question 52

Essay

What is meant by rightsizing? What are the considerations to keep in mind while laying off workers?

---

Definitions:

Government Support

Financial or regulatory assistance provided by the government to businesses, organizations, or individuals, often aiming to promote certain economic activities or social goals.

For-profit Corporation

A type of business entity that is primarily focused on earning profits for its shareholders, contrasting with nonprofit organizations that aim to serve a social or public benefit.

Letter Contracts

Preliminary written agreements outlining the terms between parties for goods or services, used before final contracts are signed.

Government

The governing body of a nation, state, or community which exercises authority and performs functions for the public welfare.