Essential Change Management – How to Manage a Downsize
Blog: Changefirst Blog
Downsizing is one of the hardest change management challenges a leader has to face. And one that many organizations are having to consider right now due to the unprecedented level of uncertainty caused by COVID-19. While, in practice, and depending on specific circumstances the underlying reason can be either positive or negative, generally employees are likely to perceive downsizing as negative organizational change. For very valid reasons. It has a significant impact on people’s lives and needs be managed carefully, taking into consideration this personal, individual impact.
So, it is important to go beyond the numbers, beyond the facts, and look at the change in terms of people. Human emotions, the collective individuals’ willingness to accept the change, the need to downsize, and move to embrace the future organizational vision all play a significant role in successfully managing this type of organizational change.