Corporate Downsizing

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takes about two to three months to complete. During this time,
the upper management reviews all financial records in order to determine how
much is needed to be cut from salary expenditures (Moore 50). This stage is
concluded when the senior management has a detailed plan on who will be let go,
and who will remain with the company. During this stage, there is one common
mistake many companies make: lack of communication. The middle management is
usually left out of all downsizing plans. This is wrong and creates a big
mistake. Middle management should be looked upon as a valuable tool for giving
input where cuts should be made (Moore 51).
The next stage of downsizing is the implementation stage. During this
stage the employees are laid off. The time between an announcement and the
actual layoff should be as short as possible. This will almost insure that a
panic will be avoided, and give a clear view of the situation at hand without
causing mass-hysteria.
In a ...

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A way to help
survivors deal with their problems is to offer personnel workshops (or programs)
that offer support to help cope with the anxiety that adjustment brings (Moore
53).

- REASONS FOR AND EFFECTS OF DOWNSIZING -

There are many reasons why a company might need to downsize. In today's
corporate America, it is a plain fact that far fewer employees are necessary to
maintain a successful operation. Many times, it is the case where a
technological advance or breakthrough makes it possible to replace a previously
human job. It is also an all-too-common scenario that outside influences such
as sudden shifts in the market or changed government policies force ...

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