Final answer:
Downsizing is a systematic effort to make an organization leaner by selling off business units, closing locations, or reducing staff. It is an increasingly common response to a business's failure to achieve profit goals.
Step-by-step explanation:
Downsizing is a systematic effort to make an organization leaner by selling off business units, closing locations, or reducing staff. It is an increasingly common response to a business's failure to achieve profit goals, involving laying off a significant percentage of employees. This process can affect employee reactions, intent to quit, organizational commitment, and job insecurity.