Question: As mentioned in lecture notes, when discussing the workplace and the economy, downsizing results in laying off workers, but companies also: focus on promoting their
As mentioned in lecture notes, when discussing the workplace and the economy, downsizing results in laying off workers, but companies also:
focus on promoting their own workers rather than recruiting externally
cut back on their use of temporary workers and independent contractors
reduce layers of management, decrease the overall number of managers, and downgrade the rank and salary of managers who remain
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