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Corporate Downsizing
Beginning of Essay
- 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 .... Middle of Essay .... staff pulls together and determines the amount of costs and expenses
that need to be reduced, and how much can come out of layoffs (Moore 49). This
stage usually takes about two to three months to complete. During this time,
the upper management reviews all financial records in order to determine how
much is needed to be cut from salary expenditures (Moore 50). This stage is
concluded when the senior management has a detailed plan on who will be let go,
and who will remain with the company. During this stage, there is one common
mistake many companies make: lack of communication. The middle management is
usually left out of all downsizing pl ....
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Words: 1483 - Pages: 6
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