R'ships after Downsizing
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May 4, 2016
No of pages / words:
5 / 1221
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A large majority downsized more than once in the last ten years.
· Downsizing is not a one-time action.
Approximately 62 percent of firms that downsized two years ago downsized again last year.
· Downsizing is not motivated solely by bad economic news.
Only 37 percent of firms downsized last year because of economic difficulties compared to 71 percent at the beginning of the 1990s...
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Only five percent downsized because of decreased market demand.
· In one third of all U.S. households, a family member lost a job.
Nearly three quarters of all U.S. households had a close encounter with layoffs in the last decade.
· The number of layoffs has equaled the total of all previously announced layoffs for the year...
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