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As the Marsh & McLennan case illustrates, a downsized customer base can lead to a downsized employee base.
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We sold or shut down six businesses and downsized the employee base.
Also affecting is a retelling of Hasbro's Black Tuesday, in August 1995, when the company downsized 105 employees to save $7.5 million.
Vice employees based in China did so.
As firms downsize, many employees are being forced to take on lots of extra work.
One answer is that downsizing must be based on innovation and efficiency, not retrenchment or disengagement.
Companies merge and downsize and employees are left with broader job descriptions and less super-vision, he said.
-- The Duke Clinical Research Institute is planning to "downsize" 50 employees.
Adult entertainment industry orientated SpankChain downsized to eight employees last month.
"Downsizing to 2006 employee levels is sort of necessitated by the revenue predicament they are in".
An additional challenge arises from the difficulty in operationalizing employee downsizing (Datta et al. 2010).
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