Downsizing is the practice of making a company or an organization smaller by reducing the number of people working for it.
Organizations often downsize for one or more reasons:
HR leaders should take several critical steps during downsizing to maintain the organization’s reputation and keep employee morale from sinking to dangerous lows:
1) Evaluate the reasons for layoffs to ensure they are consistent with the employment program and contract requirements
2) Assist all managers with planning and managing complex layoffs
3) Determine a rehiring list for classified staff
4) Ensure that layoff notices are appropriately prepared and signed by the official with the delegated authority
5) Ensure signed layoff notices are delivered correctly to employees
Discover the difference between rightsizing and downsizing, along with best practices and benefits for maintaining a healthy organization.