{"id":1622,"date":"2019-10-11T17:57:32","date_gmt":"2019-10-11T17:57:32","guid":{"rendered":"https:\/\/courses.lumenlearning.com\/wm-humanresourcesmgmt\/?post_type=chapter&#038;p=1622"},"modified":"2024-04-25T01:39:02","modified_gmt":"2024-04-25T01:39:02","slug":"introduction-to-downsizing","status":"publish","type":"chapter","link":"https:\/\/courses.lumenlearning.com\/wm-humanresourcesmgmt\/chapter\/introduction-to-downsizing\/","title":{"raw":"Introduction to Downsizing","rendered":"Introduction to Downsizing"},"content":{"raw":"<h2>What you'll learn to do: Discuss the impact of downsizing on the organization and employees<\/h2>\r\nCompanies downsize for a number of reasons. Poor economic times, decreasing profitability, or a merger with another company\u2014these are just a few examples of why a company may decide to downsize. Downsizing oftentimes has a negative connotation as it is associated with large-scale layoffs.\r\n\r\nHowever, there are obvious benefits to downsizing\u2014first and foremost is the ability to cut costs. It is probably safe to say that no one enjoys terminating employees. Nevertheless, when a company has to cut costs to keep itself afloat, downsizing often becomes more of a necessity than an option. This section will explore downsizing and the positive and negative impact it can have on an organization.","rendered":"<h2>What you&#8217;ll learn to do: Discuss the impact of downsizing on the organization and employees<\/h2>\n<p>Companies downsize for a number of reasons. Poor economic times, decreasing profitability, or a merger with another company\u2014these are just a few examples of why a company may decide to downsize. Downsizing oftentimes has a negative connotation as it is associated with large-scale layoffs.<\/p>\n<p>However, there are obvious benefits to downsizing\u2014first and foremost is the ability to cut costs. It is probably safe to say that no one enjoys terminating employees. Nevertheless, when a company has to cut costs to keep itself afloat, downsizing often becomes more of a necessity than an option. This section will explore downsizing and the positive and negative impact it can have on an organization.<\/p>\n\n\t\t\t <section class=\"citations-section\" role=\"contentinfo\">\n\t\t\t <h3>Candela Citations<\/h3>\n\t\t\t\t\t <div>\n\t\t\t\t\t\t <div id=\"citation-list-1622\">\n\t\t\t\t\t\t\t <div class=\"licensing\"><div class=\"license-attribution-dropdown-subheading\">CC licensed content, Original<\/div><ul class=\"citation-list\"><li>Introduction to Downsizing. <strong>Authored by<\/strong>: Freedom Learning Group. <strong>Provided by<\/strong>: Lumen Learning. <strong>License<\/strong>: <em><a target=\"_blank\" rel=\"license\" href=\"https:\/\/creativecommons.org\/licenses\/by\/4.0\/\">CC BY: Attribution<\/a><\/em><\/li><\/ul><\/div>\n\t\t\t\t\t\t <\/div>\n\t\t\t\t\t <\/div>\n\t\t\t <\/section>","protected":false},"author":17,"menu_order":2,"template":"","meta":{"_candela_citation":"[{\"type\":\"original\",\"description\":\"Introduction to Downsizing\",\"author\":\"Freedom Learning Group\",\"organization\":\"Lumen Learning\",\"url\":\"\",\"project\":\"\",\"license\":\"cc-by\",\"license_terms\":\"\"}]","CANDELA_OUTCOMES_GUID":"4ea7de62-0bc4-4889-95f2-1ead19cd7925","pb_show_title":"on","pb_short_title":"","pb_subtitle":"","pb_authors":[],"pb_section_license":""},"chapter-type":[],"contributor":[],"license":[],"class_list":["post-1622","chapter","type-chapter","status-publish","hentry"],"part":1619,"_links":{"self":[{"href":"https:\/\/courses.lumenlearning.com\/wm-humanresourcesmgmt\/wp-json\/pressbooks\/v2\/chapters\/1622","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/courses.lumenlearning.com\/wm-humanresourcesmgmt\/wp-json\/pressbooks\/v2\/chapters"}],"about":[{"href":"https:\/\/courses.lumenlearning.com\/wm-humanresourcesmgmt\/wp-json\/wp\/v2\/types\/chapter"}],"author":[{"embeddable":true,"href":"https:\/\/courses.lumenlearning.com\/wm-humanresourcesmgmt\/wp-json\/wp\/v2\/users\/17"}],"version-history":[{"count":6,"href":"https:\/\/courses.lumenlearning.com\/wm-humanresourcesmgmt\/wp-json\/pressbooks\/v2\/chapters\/1622\/revisions"}],"predecessor-version":[{"id":2549,"href":"https:\/\/courses.lumenlearning.com\/wm-humanresourcesmgmt\/wp-json\/pressbooks\/v2\/chapters\/1622\/revisions\/2549"}],"part":[{"href":"https:\/\/courses.lumenlearning.com\/wm-humanresourcesmgmt\/wp-json\/pressbooks\/v2\/parts\/1619"}],"metadata":[{"href":"https:\/\/courses.lumenlearning.com\/wm-humanresourcesmgmt\/wp-json\/pressbooks\/v2\/chapters\/1622\/metadata\/"}],"wp:attachment":[{"href":"https:\/\/courses.lumenlearning.com\/wm-humanresourcesmgmt\/wp-json\/wp\/v2\/media?parent=1622"}],"wp:term":[{"taxonomy":"chapter-type","embeddable":true,"href":"https:\/\/courses.lumenlearning.com\/wm-humanresourcesmgmt\/wp-json\/pressbooks\/v2\/chapter-type?post=1622"},{"taxonomy":"contributor","embeddable":true,"href":"https:\/\/courses.lumenlearning.com\/wm-humanresourcesmgmt\/wp-json\/wp\/v2\/contributor?post=1622"},{"taxonomy":"license","embeddable":true,"href":"https:\/\/courses.lumenlearning.com\/wm-humanresourcesmgmt\/wp-json\/wp\/v2\/license?post=1622"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}