OUTSOURCING:
Outsourcing simply means having a job done by someone who is not a regular employee, and is usually done by contracting with another company to provide the service. The advantage is that you don't have to worry about salaries and benefits. The disadvantage is that you lose some...
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DOWNSIZING:
Downsizing means "reducing in size" and usually means cutting the number of workers. If positions can be "downsized", then there is an assumption that your original employees either didn't have enough to do, or weren't doing it efficiently. What may happen...