Michael Saltzstein: A Better Approach to Downsizing s39940.pcdn.co The market has shifted in recent years. Corporate downsizing and layoffs are happening across different industries, leaving company leaders struggling to handle this process. Michael Saltzstein compiled a guide to managing corporate downsizing and layoffs. Strategize your hiring efforts. The first step in managing downsizing and layoffs is trying to prevent them from happening, and this requires a carefully constructed strategy in your organization's hiring plan. Try to hire conservatively, bringing on only the right people you need to complete the important tasks. When your business expands too quickly, you face a greater chance that you will bring on new people who have to be laid off in the future. images.mid-day.com When filling existing positions or creating new positions, make sure that clear guidelines are in place for each role. Michael Saltzstein points out that performance-tracking measures must also