Downsizing And Employee Morale In And Around The United States

Essay specific features

 

Issue:

Business

 

Written by:

Korey H

 

Date added:

August 19, 2014

 

Level:

University

 

Grade:

A

 

No of pages / words:

11 / 3015

 

Was viewed:

4840 times

 

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Essay content:

“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...
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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. Downsizing, rightsizing, outsourcing, restructuring, streamlining, and re-engineering have been the popular buzzwords used to describe the process of letting employees go...
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