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INTERNATIONAL JOURNAL OF NOVEL RESEARCH AND DEVELOPMENT International Peer Reviewed & Refereed Journals, Open Access Journal ISSN Approved Journal No: 2456-4184 | Impact factor: 8.76 | ESTD Year: 2016 Scholarly open access journals, Peer-reviewed, and Refereed Journals, Impact factor 8.76 (Calculate by google scholar and Semantic Scholar | AI-Powered Research Tool) , Multidisciplinary, Monthly, Indexing in all major database & Metadata, Citation Generator, Digital Object Identifier(DOI) |
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| Paper Title: | Navigating Layoffs: A Case Study on IT Companies' Workforce Reduction Strategies. |
| Authors Name: | Chaitra R |
| Download E-Certificate: | Download |
| Author Reg. ID: |
IJNRD_193104
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| Published Paper Id: | IJNRD2305081 |
| Published In: | Volume 8 Issue 5, May-2023 |
| DOI: | |
| Abstract: | This case study explores how information technology (IT) companies navigate layoffs and workforce reduction strategies during times of economic downturns. The studies focuses on three IT companies and analyse their workforce reduction strategies, including the reasons for the layoffs, the process of implementation, the impact on employees, and the communication strategies used to manage the layoffs. The case study also examines the effects of the layoffs on the companies' long-term goals and overall financial performance. The findings suggest that the companies used various strategies, such as voluntary and involuntary layoffs, furloughs, and reduced work hours, to manage their workforce reductions. The study also reveals the importance of clear and effective communication strategies during the layoff process to minimize negative impact on employees and maintain employee morale. Finally, the study concludes by offering recommendations to companies on how to effectively manage workforce reductions while minimizing negative impacts on employees and maintaining company performance. |
| Keywords: | Layoffs Workforce reduction IT companies Strategy Downsizing Human resource management Employee retention Communication Change management Leadership Employee engagement Company culture Performance management Cost-cutting Outplacement services. |
| Cite Article: | "Navigating Layoffs: A Case Study on IT Companies' Workforce Reduction Strategies.", International Journal of Novel Research and Development (www.ijnrd.org), ISSN:2456-4184, Vol.8, Issue 5, page no.a653-a657, May-2023, Available :http://www.ijnrd.org/papers/IJNRD2305081.pdf |
| Downloads: | 000118748 |
| ISSN: |
2456-4184 | IMPACT FACTOR: 8.76 Calculated By Google Scholar| ESTD YEAR: 2016 An International Scholarly Open Access Journal, Peer-Reviewed, Refereed Journal Impact Factor 8.76 Calculate by Google Scholar and Semantic Scholar | AI-Powered Research Tool, Multidisciplinary, Monthly, Multilanguage Journal Indexing in All Major Database & Metadata, Citation Generator |
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Published Paper ID:IJNRD2305081 Registration ID: 193104 Published In: Volume 8 Issue 5, May-2023 DOI (Digital Object Identifier): Page No: a653-a657 Country: Bangalore, Karnataka, India Research Area: Management Publisher : IJ Publication Published Paper URL : https://www.ijnrd.org/viewpaperforall?paper=IJNRD2305081 Published Paper PDF: https://www.ijnrd.org/papers/IJNRD2305081 |
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