Ricardo Levy, Brad Winn and I just published an article in the Winter 2021 issue of People + Strategy.
When uncertainty reigns and an economy shrinks, management may downsize. Typically governed by conventional management thinking, most such efforts are damaging to culture. Yet, the downsizing process can lead to long-term higher performance. The story we write about is a real-life story of employees giving the news of company downsizing a standing ovation.
You can read more here.