Loss of Jobs

Downsizing refers to the process of reducing costs within an organization by reducing the workforce. Re-engineering or restructuring might involve other processes, including cost cutting by changing the way in which people work, but downsizing almost always has a reduction in workforce component. Typically, executives in organizations which undergo downsizing programs emphasize the need to save money and to take the painful step of laying o

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may occur in order to remain in compliance with the law. Classes of Workers Typically Affected Although much has been written about how middle managers have been affected by layoffs in the 1990s, the majority of laid off workers continues to be those at lower levels of an organization for whom a paycheck and a job are critical life success factors. Social Effects on Downsized Workers Jobs provide primary social outlets for many in the United States. Friendships and relationships outside the office sometimes occur, but for many Americans, the workplace provides a place of socialization as well as a way to earn an income. When workers are laid off, there can be severe social adjustments as workers no longer have the same social interaction as they did even a day or a week previous. These effects become more pronounced the longer that workers remain laid off, with the result that it can be difficult for them to re-enter the workforce as they lose some of these social skills. In the United States, there is also a stigma associated with losing one's job (although this has become less the case since increasing numbers of Americans have been through the layoff process in the 1990s) with the result that some individuals feel that th
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Approximate Word count = 4852
Approximate Pages = 19 (250 words per page)

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