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“In the first quarter of 1994, there were 192,572 layoffs, averaging over 3,106 jobs a day (Downs, 1995).” “By 1992, more than 85% of the Fortune 500 companies had downsized during the last five years, and 100% of them were planning to do so in the next five years (Cameron, 1994).” Employees will likely have to grieve both the loss of their co-workers and the loss of job security they once felt. Even though they still hold their position, ever-present feelings of doom and suspicion often haunt the workplace.
The best course of action is one where information is shared as openly as possible...
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