Final answer:
Disney's layoff during a restructuring event is an example of downsizing, aimed at improving efficiency and cutting costs to enhance company performance.
Step-by-step explanation:
When Disney recently laid workers off as part of a restructuring event, the company used downsizing to correct weak performance.
Downsizing is a strategic decision that involves reducing the workforce, typically as a response to economic pressures, changing market conditions, or organizational restructuring. In this case, Disney aimed to improve efficiency and cut costs to enhance overall performance and competitiveness in the market.
When Disney recently laid workers off as part of a restructuring event, the company used workforce optimization strategies to correct weak performance.
For example, Disney may have focused on restructuring job roles, reallocating resources, or improving employee efficiency and productivity through training programs. These strategies aim to make the organization more agile, cost-effective, and aligned with its overall objectives.
Workforce optimization is a common practice in businesses to improve performance and adapt to changing market conditions.