Paying the price as firms edge out talent: Knowledge can be lost forever through downsizing

Abstract

Purpose

This paper aims to review the latest management developments across the globe and pinpoint practical implications from cutting‐edge research and case studies.

Design/methodology/approach

This briefing is prepared by an independent writer who adds their own impartial comments and places the articles in context.

Findings

The economic downturn of the last few years has concentrated employers' minds on some very tough decisions relating to their staffing levels. The toughest of the lot, of course, is whether or not to start shedding staff. Well‐meaning employers are faced with a genuine dilemma: as turnover drops, should they act decisively, and make the sort of cuts that (they hope) will at least give the company a fighting chance of surviving and ultimately thriving in the long run.

Practical implications

The paper provides strategic insights and practical thinking that have influenced some of the world's leading organizations.

Social implications

The paper provides strategic insights and practical thinking that can have a broader social impact.

Originality/value

The briefing saves busy executives and researchers hours of reading time by selecting only the very best, most pertinent information and presenting it in a condensed and easy‐to‐digest format.

Citation

(2012), "Paying the price as firms edge out talent: Knowledge can be lost forever through downsizing", Development and Learning in Organizations, Vol. 26 No. 4, pp. 31-34. https://doi.org/10.1108/14777281211249950