Downsizing: Layoffs/Closings
- Topics:
- Layoffs
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Overview: Downsizing and layoffs, once phenomena associated mainly with individual company distress or larger economic downturns, have become permanent features of the global business landscape. Leadership companies recognize the myriad implications of downsizing and take any of a variety of approaches to what has become known as "responsible restructuring." Many companies are understanding that significant benefits may be realized through strategies that avoid downsizing and layoffs altogether, or carry out these activities in more strategic and, ultimately, less-costly ways. Downsizing has become an entrenched feature of the global business landscape, even in strong and growing economies. At the same time, companies are achieving a better understanding of the links between how they implement downsizing and their ability to achieve sustained commercial success.
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Format: HTML | Date: Jan 2003 | Pages: 1
