Downsizing

By: A Staff Writer

Updated on: Jul 19, 2024

When Tough Choices Have to Be Made

Downsizing hurts. Doing it with as much empathy as possible matters. Here’s how…

• Transparency Matters: No rumors: explain the ‘why’ behind decisions, as openly as possible.
• Plan for the Practical: Severance packages, outplacement support…have these ready in advance.
• It’s Personal: Exit interviews done with sensitivity gather valuable insight and reduce resentment.
• Protect Morale: Boost engagement with those who remain. Show they’re valued and NOT next.
• Communication is Key: Open, honest updates during this difficult period. No surprises!
• Seek Legal Counsel: Ensure your downsizing follows all labor laws to minimize future risk.

Downsizing is painful, but how you handle it impacts your long-term reputation.