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How companies can downsize successfully

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What are six guidelines for successful downsizing and what is the importance of each one?

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Solution Summary

This solution examines six guidelines for downsizing successfully and the importance of each one.

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Six guidelines for successful downsizing:
. The organization leader needs to review company finances thoroughly to determine whether a full scale downsizing or a minimal downsizing is needed. Essential positions need to be kept. Other alternatives should be considered. Many seasoned companies let their employees know they will only be let go temporarily until work increases. Some are able to cut hours instead of fully cutting an employee. It is an important for an organization leader to cut deeper than needed because a negative financial situation for an orgnaization may only worsen.
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