CORPORATE DOWNSIZING

Contents What is Downsizing? Why do Companies Downsize? Downsizing Strategies Upsides & Downsides of Downsizing Downsizing Effects Downsizing practice across the globe Promotion done by Team Contribution by Team members Learning Questions to be asked

What is Corporate Downsizing?

Management procedure Reduces number of employees in a

specific company Reduces the scale and scope of a

business

Why do Firms Downsize?

Rising Costs Reduces layers of management Poor economic conditions Declining Revenue

Downsizing Strategies

Workforce Reduction Early retirement Transfers Lay offs

Organizational Redesign Merge units Multitasking

Upsides of Downsizing Decrease of the labor costs. Department reengineering. Expenses reduction.

Downsides of Downsizing Loss of critical information Stressful environment Decreases company’s reputation

Downsizing Effects on Society

Increase in unemployment Decrease in Revenues Decline in living standards Rise in criminal activities

Corporate Downsizing practice across the globe

Practiced in America since last 20 years

HSBC Bank in Russia, Poland and New York in 2011

General Electric for its 1st seven years

Promotions done by the Team

Facebook page : https://www.facebook.com/corporatedownsizing/

Poster Created

Feedback Diary

Contribution by Team Members Facebook Page Created and Poster :

Neeraj Class presentation and Power Point

Presentation : Apoorva Signatures, suggestions and

feedback : Apoorva, Jan and Neeraj Video : Apoorva and Jan

Learning Time Management Multitasking Leadership Team Work Making best out of limited resources

Thank you