2. Contents
What is Downsizing?
Why do Companies Downsize?
Downsizing Strategies
Upsides & Downsides of Downsizing
Downsizing Effects
Downsizing practice across the globe
Promotion done byTeam
Contribution byTeam members
Learning
Questions to be asked
3. What is Corporate Downsizing?
Management procedure
Reduces number of employees in a specific
company
Reduces the scale and scope of a business
4. Why do Firms Downsize?
Rising Costs
Reduces layers of management
Poor economic conditions
Declining Revenue
6. 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
7. Downsizing Effects on Society
Increase in unemployment
Decrease in Revenues
Decline in living standards
Rise in criminal activities
8. Corporate Downsizing practice across the
globe
Practiced in America since last 20 years
HSBC Bank in Russia, Poland and NewYork in
2011
General Electric for its 1st seven years
9. Promotions done by the Team
Facebook page :
https://www.facebook.com/corporatedownsizing/
11. 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