Reflections on necessary strategies for successful downsizing in UAE – ZAWYA

Reflections on necessary strategies for successful downsizing in UAE – ZAWYA

Reflections on necessary strategies for successful downsizing in UAE | ZAWYA MENA Edition HomeEconomyGCCArticleReflections on necessary strategies for successful downsizing in UAE Employment in Dubai was notably affected, with companies reporting the joint-quickest fall in job numbers seen throughout the 10-year series history, said Owen    Image used for illustrative purpose. Business people working at a busy open plan office.Downsizing employees is never a pleasurable assignment.The word "downsizing" may even sound catastrophic. Employees work to provide financial support for their families. When employees lose their jobs, providing for themselves and their families becomes quite challenging until they find another job. While downsizing puts laid-off employees in a very tough situation, research shows that those who remain within downsized organizations (i.e. survivors) may even be more severely affected. Although downsizing may be the only way forward sometimes, deciding to lay-off a large number of the company's employees is going to impact not only those let go but also those who survive the layoffs.According to Ken Blanchard, author and management expert: "Downsizing has negative effects on companies. Early buyouts deplete the number of experienced, talented people, and multiple rounds of layoffs destroy employee commitment. Employees focus on keeping their jobs rather than