News flash: The economy is not awesome. And because of this, the word “downsize” has entered our lexicon a little more casually than most employable adults would like.
But the why behind all this downsizing has been relatively unknown to all but the HR drones and upper echelon management. So we asked a few CFOs of major (mostly digital) media companies (yes, you’ve heard of them all) to hear what actually happens leading up to a downsizing. Why does it happen? And who decides who gets downsized and who doesn’t? The timeline below is what they came up with.
