Downsizing: the aftermath.

Downsizing is perhaps the synonym for management in the 1990's. Many managers believe it is a sure means of lowering overhead, reducing bureaucracy and improving organizational decision making. Downsizing is the systematic reduction in numbers of managers and employees working for an organization. It is designed to make the organization more cost efficient and/or competitive. It is more than simply a matter of cutting some number of employees from an organization's payroll. It involves the rearrangement and reassignment of virtually all employees in an organization.