According to a 1997 survey by the American Management Association (AMA), the most often claimed reasons for downsizing are “organizational restructuring,” “business downturn,” and “reengineering of business processes.” Downsizing has adversely affected 43 million jobs since 1980. Many organizations are realizing that downsizing may not be the best solution for reducing costs. The time and money it takes to train employees often make downsizing a wasteful procedure. By changing their business strategy, companies can find ways to maintain …showed first 75 words of 2437 total…

…showed last 75 words of 2437 total…Mauer, R “Stop! Downsizing doesn’t work!” The Canadian Manager 24.1 (1999): 11-13 Noe, R. A., Hollenbeck, J.R., Gerhart, B., Wright, P.M. Human Resource Management, Gaining a Competitive Advantage. Boston: McGraw Hill Companies Inc., 2000. Piturro, M “Alternatives to Downsizing.” Management Review; New York 88 (1999): 37-41 Rayburn, M. and Rayburn, G. “Smart Alternatives to Downsizing.” Competitive Reviews 9.2 (1999): 49-57. Uchitelle, L & Kleinfeld, N “The Downsizing America.” New York Times 116 pars. 3 Mar 1996. 13 Feb. http://www.nytimes.com/specials/downsize/