Hr function in recession-driven downsizinghow important of

Reference no: EM13359174

HR function in recession-driven downsizing

How important of a role has the HR function played in recession-driven downsizing?

Corporations often use downsizing to preserve the organization's intellectual capital and reduce company expenses. The strategy of downsizing helps to reduce cash deficit while enabling the corporation to operate successfully among competitors. Although, the strategy may be beneficial to corporations, it is sadly at the expense of employee termination.

Reference no: EM13359174

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