Downsizing with Care
By Nick Holley 15th September 2020
In the early ‘90s I was involved in a massive downsizing exercise in a recently nationalised utility. It made complete financial sense and if we hadn’t made the tough calls we might not have survived. I am not proud that we did it, but I am proud of how we did it – with a sense of care for those who were leaving, generous financial settlements, and proper outplacement. Luckily we weren’t in such deep trouble so we could afford to do it the right way. I hope in HR we will always look for ways to downsize that let people retain their self-respect.