Exact(1)
These shifts can be gut-wrenchingly painful and often result in very difficult organizational changes (often layoffs), founder dilution, challenging board conversations and painful media coverage.
Similar(7)
Employers react by either raising prices -- difficult to do in a slowing economy -- or cutting costs, often through layoffs.
Mayors have often threatened layoffs in times of great fiscal uncertainty, and sometimes raised the threat as a bargaining tool with unions and to reassure credit-rating agencies.
But if demand falls back to 1,000 refrigerators an hour, and the assembly line maintains its newly acquired efficiency, then jobs disappear, often through layoffs.
Union organizers note that just as the rise of managed-care organizations has angered many doctors and nurses by reducing their power and independence, repeated corporate restructurings and downsizings have angered white-collar workers by often causing layoffs and reducing their benefits and decision-making powers.
Over the years, Facebook has dragged media companies up and down with changes to its newsfeed algorithm that forced them to make dramatic changes to their content strategies (often with layoffs and restructuring).
Economic downturns and recession lead to budget cuts and service reductions in the healthcare sector which often precipitate layoffs and hiring freezes.
Often, the layoff announcements are not quite what they seem.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com