Planning and Executing Downsizing
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What are the important considerations that should be made when planning and executing an organization's downsizing?
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The response addresses the queries posted in 486 words with references.
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The response addresses the queries posted in 486 words with references.
// In this paper, we will discuss the important consideration that should be made when planning and executing an organization's downsizing. This paper also describes the consequences of organizational downsizing and how and in which manner it should be communicate to all the employees.//
Downsizing is a term that is used, when a company permanently reduces its workforce. It is a measure of company's cost cutting. It is also required when company's need to cut or reduce jobs in order to lower costs or to maintain profitability of the company. Organizational downsizing results in layoffs and thus, other changes also occur as branch closing, departmental consolidation, and other forms of cutting of pay expenses. Downsizing always does not mean that employees are fired, but instead become part-time or temporary workers, which is termed as trim ...
Education
- MBA (IP), International Center for Internationa Business
- BBA, University of Rajasthan
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