The Analysis of the Effect of Downsizing on Employee as Well as Organisation

  • Raveesha Chadha
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  • Raveesha Chadha

    Student at NMIMS, India

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Abstract

The process of downsizing is one of the primary choice or we can say strategy implement by many organization. The main stimulus for most downsizing actions is desire to achieve greater levels of efficiency, effectiveness, profitability and competitiveness. The method of downsizing has a significant impact on the organization. In fact, many organizations around the world are having good as well as bad impact of downsizing but one cannot ignore the methods if he wants to survive in the world. Corporate downsizing continues to be a major strategy used by organizations to cope with a dynamic and turbulent global marketplace. The major outcome made out of this strategy is that this strategy improves financial health of the company by implementing accurate amount of efficient employees in the organization.

Type

Research Paper

Information

International Journal of Law Management and Humanities, Volume 4, Issue 3, Page 3393 - 3418

DOI: https://doij.org/10.10000/IJLMH.11865

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This is an Open Access article, distributed under the terms of the Creative Commons Attribution -NonCommercial 4.0 International (CC BY-NC 4.0) (https://creativecommons.org/licenses/by-nc/4.0/), which permits remixing, adapting, and building upon the work for non-commercial use, provided the original work is properly cited.

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