Strategic downsizing—a new model for implementing workforce reductions

The turmoil in the financial markets and the tenuous state of the major U.S. auto manufacturers have led many companies to view their own futures with increasing pessimism. Pessimism inevitably leads companies to consider cutting staff as they begin to reassess their strategies, tactics, budgets, and overhead. As the pressure for cutting jobs mounts, HR executives can help their management teams avoid the unfair and unsuccessful practice of acrossthe-board cuts.