Corporate Downsizing

- INTRODUCTION -

Downsizing, restructuring, rightsizing, even a term as obscure as census
readjustment has been used to describe the plague that has been affecting
corporate America for years and has left many of its hardest working employees
without work. In the 1980's, twenty-five percent of middle management was
eliminated in the United States (Greenberg/Baron 582). In the 1990's, one
million managers of American corporations with salaries over $40,000 also lost
their jobs (Greenberg/Baron 582). In total, Fortune 500 companies have
eliminated 4.4 million positions since 1979 (Greenberg/Baron 627). Although
this downsizing of companies can have many reasons behind it and cannot be
avoided at times, there are simple measures a company can take to make the
process easier on the laid-off employees and those who survive with the company.

- STAGES OF DOWNSIZING -

The downsizing process can generally be broken down into three distinct
stages. The......

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Title: Corporate Downsizing
Approximate Word Count: 1465
Approximate Pages: 6 (250 words per double-spaced page)

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