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Chester Mumpower June 13, 2004 Business Communication BSM 147 Instructor - Susan Weiss Shorter College Downsizing Corporate America Over the past decade, corporations around the world have been preoccupied with their staff numbers and with implementing strategies to reduce them. The objective has been to create lean organizations, trimmed of bureaucratic fat and bristling with competitive muscle. In the United States alone, some 3.5 million workers have lost their jobs to these programs since 1987. In the first quarter of 1994, there were 192,572 layoffs, averaging over 3,106 jobs a day. (Downs, 1995). By 1992, more than 85% of the Fortune 500 companies had downsized during the last five years, and 100% of them were planning to do so in the next five years (Cameron, 1994). The "scorecard" below illustrates the magnitude of some of the layoffs during the 1990's. Downsizing, rightsizing, outsourcing, restructuring, streamlining, and re-engineering have been the popular buzzwords used to describe...

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