To the extent that senior workers are, by virtue of their seniority, more highly paid, the firm gets more economic bang by terminating more senior employees...

Critics of downsizing argue that not only are the effects on the bottom line seldom as rosy as management expects, but that job loss has profound negative consequences for the displaced employees and their families, consequences that add to the social costs of downsizing...

UBS has informed to cut 11,000 jobs, the day before Nissan reported to cut 20,000 jobs We listen to this kind of news daily...

Many businesses are being forced to downsize their number of employees to cut costs or because the business feels it should operate with fewer employees...