downsizing rate

Definitions

The percentage or proportion of a workforce that is permanently laid off or terminated by an organization during a restructuring process.

The rate at which a company reduces its number of employees to cut costs or improve operational efficiency.

Examples

The company announced a significant downsizing rate to cope with the recent economic downturn.

Analysts are closely monitoring the industry's downsizing rate as more firms shift toward automation.

Synonyms

reduction rate layoff percentage retrenchment ratio staff cut rate downscaling frequency

Antonyms

growth rate expansion percentage hiring rate recruitment ratio scaling up frequency