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Downsizing: Downsizing means reducing the size of a company by eliminating personnel or divisions within the company. It is often occurs in poor economic conditions or the company’s need to cut jobs in order to lower costs or maintain profitability.
HRM: Human Resource Management is the process of recruitment, selection of employee, providing proper orientation and induction to new employees, providing proper training and the developing skills set in new and old employees, assessment of employee, and providing proper compensation and benefits.