Question: Topic Covered: Downsizing The CEO has approached you and indicated that a major competitor has just announced a new innovative product that will have a

Topic Covered: Downsizing The CEO has approached you and indicated that a major competitor has just announced a new innovative product that will have a direct impact on your sales. As such, she has indicated that you will need to begin downsizing 20% of your organization which currently sits 700. She anticipates that the downsizing will need to begin in the next month and take place over the next three (3) months. Q1. How should you go about planning for downsizing? Answer: Q2. How will you deal with the surplus of employees? Answer:

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