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Globalization of markets results in markets becoming
Voluntary Severance Packages
Financial incentives offered by employers to encourage employees to voluntarily resign, often used in workforce downsizing scenarios.
Downsizing Strategy
Strategy to improve an organization's efficiency by reducing the workforce, redesigning the work, or changing the systems of the organization.
Senior Management
The highest level of management within an organization, responsible for strategic decision-making and overall leadership.
Interactional Justice
The interpersonal treatment employees receive during the implementation of the downsizing decision.
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