When You Must Downsize
In the more than 200 restructurings I have been part of, only twice have I seen someone move too fast.
Screw-ups to avoid:
- Moving too slowly.
- Not cutting enough.
- Making decisions based on friendships.
- Sacrificing your stars or keeping your stars too long.
- Not redefining jobs.
- Not retraining valuable employees.
- Not communicating the whys of your decisions.
- Not helping the survivors grieve and then move forward.
How I help: