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Introduction
Downsizing is a characteristic of modern life of organizations that involves the reduction of the organization’s financial, human, physical and information assets (Cooper, Pandey and Quick, 51). In most cases, organizations employ downsizing as a strategy for transformation that is intended to introduce changes in the organizational designs, work process and corporate cultures and values. The process of downsizing is often referred to as organizational restructuring. Among the stakeholders that are affected by downsizing are the employees, especially when the organization resorts to employee downsizing that results in the reduction of the number of ...