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As a result, the firms’ costs, processes and workforce are affected.
According to Freeman & Cameron (1993) also, downsizing is not something that happens to an organization, but is something that some of the organization members (top management per se) undertake purposively. The key attributes of downsizing given by Freeman & Cameron (1993) are as follows:
a) It is an intentional endeavor
b) It usually involves reductions in personnel
c) It is focused on improving the efficiency or effectiveness of the organization
d) It affects work processes
Sometimes also termed as rightsizing, reorganization, restructuring, delayering, and rationalization, downsizing is seen as an important techno-structural Organization Development (OD) intervention (Cummings & Worley, 2001)...
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Common topics in this essay:
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