Layoffs and Firings — 99er boomerang brightsizing capsizing career change opportunity cashier corporate anorexia down … New words
brightsizing — n. Corporate downsizing in which the brightest workers are let go. Also: bright sizing. Example Citations: What gives Adams grist for the Dilbert mill is the way managers mishandle downsizing, not only in the often cruel manner in which the news… … New words
capsizing — n. The reduction of a workforce to the point where the company goes under. Example Citation: Why doesn t downsizing work in most cases? Because the company typically cuts the people but not the work. So now you ve got fewer people doing more work … New words
cashier — v. To fire an employee. Example Citation: Norm Macdonald is getting the last laugh. The former Saturday Night Live regular is returning to guest host the show Oct. 23 not quite two years after being canned by NBC s top ranking program executive.… … New words
downaging — n. When companies lower the average age of their employees, either by laying off older workers or by replacing them with younger workers. Example Citation: Midlife insecurity extends far beyond concerns about appearance and prowess to the loss of … New words
dumbsizing — (DUM.sy.zing) pp. Reducing the size of a company s workforce to such an extent that the company becomes unprofitable or inefficient. Also: dumb size. dumbsize v. dumbsizer n. Example Citation: Granted, companies became lean and nimble, but… … New words
e-cruitment — n. Online employee recruitment, including the electronic submission of résumés and online interviews with job applicants. Example Citation: Are you going to the virtual fair, cause all the e cruiters are there? Chad Morissette tosses off that… … New words
post and pray — v. To place a job advertisement in a newspaper or other general location and hope that good candidates respond; to post a résumé to an online job site and hope that you get a response. post and pray adj. Example Citations: Organizations that have … New words
revector — (ree.VEK.tur) v. To change a business plan, especially as a means of reducing the size of a company s workforce. Example Citation: Responding to changing international market conditions, Teleglobe (NYSE,TSE: BCE), the e World Communications… … New words
rightsizing — n. Downsizing a company s workforce to the point where the number of employees remaining is deemed to be right for the company s current condition. Example Citation: Downsizing became popular a few years ago to replace layoffs, but then people… … New words