Reducing the Impact of Downsizing
1. Freeze hiring new permanent employees
2. Outsourcing - using outside vendors to provide services previously performed internally
3. Encourage employees to change careers and then help them to learn skills needed for the career change
4. Offer early retirement packages
5. Ask employees to take pay cuts or defer salary increases
6. Adjusting work schedules
7. Layoff announcements must be done in person
8. Outplacement programs: Emotional Counseling (Denial, Anger, Fear Acceptance), Financial Counseling, Career Assessment and Guidance