| Abstract: | Downsizing is a major concern in American industry today. Although much has been written about the effects of downsizing on corporations, little has been said about its effect on individuals. This case presents downsizing from one individual's perspective and suggests strategies and procedures for reducing the negative effect of downsizing on employees. Strategies and procedures that firms can adopt to make downsizing programs effective include planning in advance, developing effective communications, centralizing decision making, and educating personnel specialists and managers. |
