How to Manage a Downsize in Your Workforce

Facing the Aftermath of Workforce Downsizing?

Downsizing isn’t just about reducing numbers; it’s about supporting the people – both those who leave and those who stay. In a recent radio interview, Stephen Grootes from The Money Show and Debbie Goodman, CEO of Jack Hammer Global, tackled this tough topic, sharing actionable insights for managers to handle such transitions with care and transparency.

🎙️ Stephen and Debbie highlight:

It’s not over when it’s over: Many companies forget the psychological impact on the remaining workforce. Reboarding and fostering a sense of safety are essential.

Transparency matters: Sharing the “why” behind restructuring – even just the basics – helps employees understand the bigger picture and reduces uncertainty.

Opportunity amidst challenge: Downsizing can spark a re-evaluation of workflows – streamlining processes, embracing AI, and focusing on work that truly matters.

Managing a downsize is never easy, but empathy, communication, and great leadership makes all the difference.

Listen to the full interview here: