Authors :
Chaitra. R
Volume/Issue :
Volume 8 - 2023, Issue 4 - April
Google Scholar :
https://bit.ly/3TmGbDi
Scribd :
https://bit.ly/42VQmCT
DOI :
https://doi.org/10.5281/zenodo.8282024
Abstract :
This case study explores how information
technology (IT) companies navigate layoffs and
workforce reduction strategies during times of economic
downturns. The studies focuses on three IT companies
and analyse their workforce reduction strategies,
including the reasons for the layoffs, the process of
implementation, the impact on employees, and the
communication strategies used to manage the layoffs.
The case study also examines the effects of the layoffs on
the companies' long-term goals and overall financial
performance. The findings suggest that the companies
used various strategies, such as voluntary and
involuntary layoffs, furloughs, and reduced work hours,
to manage their workforce reductions. The study also
reveals the importance of clear and effective
communication strategies during the layoff process to
minimize negative impact on employees and maintain
employee morale. Finally, the study concludes by
offering recommendations to companies on how to
effectively manage workforce reductions while
minimizing negative impacts on employees and
maintaining company performance.
This case study explores how information
technology (IT) companies navigate layoffs and
workforce reduction strategies during times of economic
downturns. The studies focuses on three IT companies
and analyse their workforce reduction strategies,
including the reasons for the layoffs, the process of
implementation, the impact on employees, and the
communication strategies used to manage the layoffs.
The case study also examines the effects of the layoffs on
the companies' long-term goals and overall financial
performance. The findings suggest that the companies
used various strategies, such as voluntary and
involuntary layoffs, furloughs, and reduced work hours,
to manage their workforce reductions. The study also
reveals the importance of clear and effective
communication strategies during the layoff process to
minimize negative impact on employees and maintain
employee morale. Finally, the study concludes by
offering recommendations to companies on how to
effectively manage workforce reductions while
minimizing negative impacts on employees and
maintaining company performance.
