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How to Practice Downsizing Without the Negative Effects

When there is a downturn in the economy and sales start to plummet, one of the first things many businesses start to do is downsize in an effort to curb costs. Since the early 1980's, this has become a common practice for many businesses. The negative effect on employees is one of devastation. Those who survive downsizing tend to lose morale and trust in management. The psychological effect results in anxiety, paranoia that they are next on the list to be laid off, and an overall unhappy work environment. However, there are measures a business can take to reduce the number of layoffs during bad economic times.

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