Downsizing, Rightsizing

Indeed, organizations have been rapidly reducing the number of employees needed to operate effectively—a process known as downsizing. Typically this involves more than just laying off people in a move to save money. It is directed at adjusting the number of employees needed to work in newly designed organizations and is, therefore, also known as rightsizing. Whatever you call it, the bottom line is clear. Many organizations need fewer people to operate today than in the past—sometimes far fewer. The statistics tell a sobering tale. Downsizings are not a unique manifestation of current economic trends. In the recent past, some degree of downsizing has occurred in about half of all companies—especially in the middle management and supervisory ranks. Experts agree that rapid changes in technology have been largely responsible for much of this.

My Consultancy–Asif J. Mir – Management Consultant–transforms organizations where people have the freedom to be creative, a place that brings out the best in everybody–an open, fair place where people have a sense that what they do matters. For details please visit www.asifjmir.com, and my Lectures.

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