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Downsizing: Looking Beyond the Crisis
The current economic conditions are bound to create sizable reductions in force as companies adjust to the financial realities of recent events. Downsizing can shake the foundations of an organization, especially if the focus and resources are limited to financial and structural issues. However, the result can actually be positive to the organization and its people if there also is emphasis on: 1) An approach that is future directed rather than targeted solely on the immediate financial crisis, and 2) The host of psychological issues that are predictable during each phase.
Continued...
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