Is the Corporate Strategy of Downsizing Unethical?

Throughout corporate America, downsizing is a common practice. The concept of downsizing as a strategic tool wasn't introduced until the 1980's, and today it is a well known system. This has been caused by the accelerated growth of international and global competition throughout the past two decades. Increasing competition is forcing companies to drive their costs as low as possible, and the quickest, easiest way to cut costs is to cut jobs. Top management within …

…as well as lower profits. Those companies are faced with the decision of whether or not downsizing is their only option. Hopefully, they will find another route to take. Works Cited: Gilbert, Joseph. "Sorrow and Guilt: An Ethical Analysis of Layoffs." SAM Advanced <Tab/>Management Journal. Vol. 65. 2000. Gross, Larry. "Downsizing: Are Employers Reneging on Their Social Promise?" CPCU <Tab/>Journal. 2001 Street, Marc. Taking Sides. McGraw-Hill/Dushkin. Iowa. 2005.