Downsizing: The Down And Upside
Finally, an article that clearly reflects the reality of downsizing ("The pain of downsizing," Cover Story, May 9). If some executives refer to downsizing as a fad, they're being too kind. I'd call it a sickness. While it may be needed in some instances, it's just another way of sucking value from productive companies. Downsizing is to the '90s what LBOs were to the '80s, and it will be equally destructive.
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