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Downsizing is one of the most frequently used business strategies for reducing costs, returning firms to profit or for restructuring businesses following takeovers, mergers and acquisitions. Downsizing measures are also set to become much more prevalent in the public sector as governments seek to restrict levels of public spending. This book is one of the first to provide a thorough study of downsizing from a global perspective. It examines the phenomenon in its entirety, exploring how it is initiated and what the process of downsizing looks like. It also looks at the effects of downsizing at a number of different levels, from the individual (e.g., motivational effects, effects on health and stress levels) to the organizational (e.g., financial outcomes, reputational and productivity outcomes). Written by an international team of experts, the book provides a comprehensive overview of downsizing that examines both the strategic and human implications of this process. Table of Contents List of figures List of tables List of contributors Part I. Overview: 1. Job loss and effects on firms and workers 2. How does downsizing come about? 3. The antecedents of downsizing Part II. Human Outcomes: 4. Human motivation and performance outcomes in the context of downsizing 5. To downsize human capital: a strategic human resource perspective on the disparate outcomes of downsizing 6. Health effect outcomes: 'survivor disease' in the context of economic change Part III. Organizational Outcomes: 7. Employee downsizing and organizational performance: what do we know? 8. Executive perceptions: probing the institutionalization of organizational downsizing 9. Reducing costs and enhancing efficiency or damaging the company: downsizing in today's global economy Part IV. Post-Downsizing Implications: 10. The stress outcomes of downsizing 11. Good downsizing 12. Post-downsizing implications and consequences: a global perspective 13. Exploring the etiology of positive stakeholder behavior in global downsizing Index.