There is considerable evidence that workforce reduction programs ultimately achieve their objectives of cutting costs.

Question

Quizplus · Accepted Answer

While workforce reduction programs are often initiated to cut costs in the short term, research and evidence suggest that they may not achieve their objectives in the long term. These programs can lead to decreased employee morale, reduced productivity, loss of institutional knowledge, and potential costs associated with rehiring and training if the workforce needs to be scaled up again. Additionally, the savings from reduced payroll expenses can be offset by severance and reorganization costs.

There Is Considerable Evidence That Workforce Reduction Programs Ultimately Achieve