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IBM implemented a strategy, which included layoffs of thousands of employees and the consolidation of its business units. The company aimed to reduce its workforce
IBM implemented a strategy, which included layoffs of thousands of employees and the consolidation of its business units. The company aimed to reduce its workforce and eliminate underperforming or redundant divisions to focus on its core businesses and enhance profitability. Which type of restructuring strategy involves a reduction in the number of a firm's employees and operating units? Group of answer choices Downscoping Leveraged buyouts Complete sell-off Downsizing
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