Your Next Reduction In Force: The Dirty Little Secret

Law360, New York (August 11, 2008, 12:00 AM EDT) -- The news that 51,000 Americans lost their jobs in July – causing a monthly spike in unemployment to 5.7% – underscored a familiar refrain in executive suites: “costs are up, business is down, and we’ve got to reduce the size of our workforce.”

Several unpleasant realities about corporate reductions-in-force (or RIFs) usually receive less attention.

First, most RIFs cost money rather than save money in the short run.

Second, in the best circumstances, RIFs monopolize scarce management resources and cause significant hardship throughout the company....
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