Downsizing

A detailed Summary of Downsizing

Often in today's business world, employees are faced with the fears of losing their jobs to company downsizing or re-structuring. And in many cases, employees are struck without any warning or post downsizing counseling by their employers.

What does downsizing mean? Well in in a business enterprise, downsizing is reducing the number of employees on the operating payroll. Some users distinguish downsizing from a layoff, with downsizing intended to be a permanent downscaling and a layoff intended to be a temporary downscaling in which employees may later be rehired. Businesses use several techniques in downsizing, including providing incentives to take early retirement and transfer to subsidiary companies, but the most common technique is to simply terminate the employment of a certain number of people.

There are a few words related to downsizing and they are directly related to the ultimate results, first there is Rightsizing, and it means downsizing in the belief that an enterprise really should operate with fewer people. Then there is Dumbsizing,

Our group's opinion of downsizing changed after dealing with this class project, indeed it has made us aware of the impact downsizing has on the company's morale prior, during, and after the changes have been made to the organization's structure. The corporate culture is usually victim of down sizing as often nothing is ever the same afterwards.

The company I'm currently hired with proudly claims to never having laid employees off during their 30 year history. Such a claim proves to be more of an achievement considering the business and political climate of today corporate world. Most companies that downsize today are only delaying the final outcome of their downfall as they may only be sweeping one problem under the carpet instead of attacking the source of the problem. They may only be victims of Dumbsizing after it is all said and done.

As we have discussed the magnificence of Nike during the past few weeks, it was interesting to discover that Nike themselves have victimized hundreds' of workers by downsizing throughout the world. Most times, Nike streaml

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Approximate Word count = 724
Approximate Pages = 3 (250 words per page double spaced)

Category: Miscellaneous

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Downsizing

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