Ensure compliance with labor laws & regulations during the downsizing process. Consult legal experts to navigate the complexities & avoid potential legal issues.
Offer voluntary separation packages to employees willing to leave the company. This can minimize the need for involuntary layoffs & foster goodwill.
Assess each department's performance & prioritize those essential to the business's core operations. Streamline processes & reallocate resources accordingly.
Develop clear and fair criteria for selecting employees for downsizing. Consider factors such as performance, skills, & potential for future growth.
Provide support for employees affected by the downsizing, including career counseling, training opportunities, & assistance with job placement.