Downsizing Isn't What It's Cracked Up To Be

The decision to implement wholesale staff cuts can exemplify the law of unintended consequences. Or, mass layoffs, for the most part, don't really work. In fact, this author states that downsizing has only a 50-50 chance of reducing costs. And while the alternatives to downsizing he describes may not be new, there is documented evidence that they maintain employee engagement and the firm's competitive standing.