Paper Contents
Abstract
n the current business landscape, corporate layoffs are a common strategy used by organizations to adapt to economic uncertainties, technological changes, and market fluctuations. This study examines the various aspects of layoffs within companies, including their economic, organizational, and societal impacts. By analyzing a wide range of academic literature and empirical data, this research sheds light on the reasons behind layoffs, their strategic significance for businesses, and the resulting effects on employees, stakeholders, and society at large. Additionally, the study investigates alternative methods of downsizing and evaluates their effectiveness in minimizing negative outcomes and promoting sustainable organizational resilience. Taking an interdisciplinary approach, this paper offers valuable insights into the complexities associated with corporate layoffs and suggests directions for future research and managerial actions to tackle the challenges of workforce restructuring in today's business environments.
Copyright
Copyright © 2024 Dr. Jasbir Kaur Sodi . This is an open access article distributed under the Creative Commons Attribution License.
