Downsizing- Advice on Dealing With Layoffs and Job Cuts

The goal of any business owner should be to achieve long-term success and sometimes that best way to ensure longevity is to scale back. If you need to reduce the number of employees on your payroll (downsize), do so thoughtfully, but without guilt.

If your business is in financial trouble you should consider downsizing. If a business fails, all employees will eventually lose their jobs. The purpose of downsizing is to help a business survive.

Too many companies make the mistake of treating higher-level employees (executives and upper management) with greater concern than they do their lower-level employees. This practice is bad for employee morale, your business, and your reputation.

In the U.S. there are currently no federal laws requiring employers to provide sick leave benefits to employees. However, some U.S. cities require employers to offer paid sick leave.

Before laying off employees, be sure that you have looked at all the options, including asking your employees what they would be willing to make sacrifices for the good of the company.

Tips to help you layoff employees. Severance pay, how to tell an employee they are being let go, and why you should never let someone go on a Friday.