manager's job

   Downsizing or laying off employees is the process of

 

systematically removing a large number of people from a

 

company's employment in order to improve its efficiency and

 

financial outlook. Downsizing provides certain short-term or

 

immediate benefits, including increased profitability, the

 

avoidance of bankruptcy, the development of new partnerships,

 

reorganization, and the elimination of "deadwood" or disengaged

 

staff. Reduced skilled workers and low morale are two downsides

 

of layoffs or downsizing in a firm, as employees experience

 

conflicting emotions, dismay, stress, remorse, or even jealousy.

 

Furthermore, layoffs might impair current employees' happiness

 

and dedication to the company, resulting in lower productivity.

​

   Human resources professionals and managers must effectively

 

manage the effects of layoffs on employees. A layoff's immediate

 

financial difficulties can impact a worker's health and

 

psychological well-being, as well as lead to bankruptcy, despair,

 

and more serious ailments. Because unemployment might

 

continue up to six months or longer, layoffs may have long-term

 

consequences. When laid-off employees are having trouble

 

obtaining new work, they may feel despondent.

​

   This article gives an overview of layoffs and their effects on

 

workers. Furthermore, the article emphasizes the function of HR

 

staff during layoffs, which is to guarantee that the organization's

 

overall effectiveness is improved. Human resources professionals

 

must focus on the legal, ethical, and socially acceptable execution

 

of transitioning individuals and the business culture in their role

 

as project managers directing the layoff process. Managers can

 

also introduce new technology or robotics to lessen the need for

 

huge numbers of personnel in the future, and they may consider

 

relocating the firm or organization to be closer to key material

 

resources while providing superior customer service.

 

 

 

 

 

 

“Layoffs and Downsizing Implications for the ... - Scirp.org.” Accessed November 30, 2021. https://www.scirp.org/pdf/jssm_2020033017280126.pdf.