Downsizing

Managers must pay attention to the survivors too. I suppose that honest and sensitive communication is the most prominent challenge in every downsizing. Executives and managers are trained to think they should have all the answers before they talk to employees. It is imperative that companies maintain trust, keep the lines of communication open, and develop a strategic downsizing plan for its employees to follow. Taking these steps will enable the company and the workforce to prepare for the challenge of working with fewer resources and meeting new challenges, they may face in their new structure...