The human side of downsizing
Manfred Kets De Vries and
Katharina Balazs
European Management Journal, 1996, vol. 14, issue 2, 111-120
Abstract:
In this article, individual reaction patterns to downsizing operations are explored in the victims, the survivors (those staying with a company after layoffs) and the 'executioners' (those responsible for the implementation of downsizing) involved in the process. Data are obtained from open-ended interviews conducted with the various stakeholders and applied within a clinical framework. Special emphasis is given to the reactions of the executives implementing the downsizing operation. The article ends with a number of practical recommendations about how to facilitate the downsizing process.
Date: 1996
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