Perils Of Downsizing Amid Pandemic
Manila Bulletin|April 14, 2021
As businesses are literally squeezed from all fronts, downsizing is one alternative to ensure survival. In any downsizing, the number one casualty is people.

During this pandemic, thousands if not millions of workers were laid off and still many are getting retrenched as companies continue to downsize to save on payroll cost because of financial difficulty.

While downsizing is allowed by law, implementing it is not easy both on the part of those laid off and on the part of the good employer. It is an emotionally charged process.

Management has to choose who will go first whether compulsorily or voluntarily. One advantage of compulsory retrenchment is that it is a good opportunity to remove the proverbial company deadwood: the slackers, perennial absentees and latecomers, troublemakers, and many other kinds of derelicts.

Continue reading your story on the app

Continue reading your story in the newspaper

MORE STORIES FROM MANILA BULLETINView All

Gov't leads whole-of-society efforts for economic recovery

At a job summit convened by the task group of the National Economic Recovery Strategy held last Labor Day, the country’s top economic managers rallied business, industry and civil society leaders in adopting a whole of society approach to economic recovery.

2 mins read
Manila Bulletin
May 6, 2021

PCG ships drive away 7 Chinese militia vessels from West PH Sea

Philippine Coast Guard (PCG) ships drove away seven foreign ships believed to be manned by Chinese militias from the Sabina Shoal in the West Philippine Sea.

1 min read
Manila Bulletin
May 6, 2021

How will Bill and Melinda Gates' divorce impact their charity?

NEW YORK (AFP) — The shock announcement that billionaire philanthropists Bill and Melinda Gates are to divorce after 27 years of marriage has raised questions about the future of their hugely influential charity.

3 mins read
Manila Bulletin
May 6, 2021

Eleazar is next PNP chief – Año

Police Lt. Gen. Guillermo Lorenzo T. Eleazar is the next chief of the 220,000-strong Philippine National Police (PNP), Interior and Local Government Secretary Eduardo Año confirmed on Wednesday, May 5.

1 min read
Manila Bulletin
May 6, 2021

98-year-old woman joins daughter, 61, in getting COVID jab

CAGAYAN DE ORO CITY (PNA) – One of this city's oldest coronavirus disease (COVID-19) recipients got inoculated Tuesday along with her daughter, herself a senior citizen.

1 min read
Manila Bulletin
May 6, 2021

Chief Justice Alexander Gesmundo: Judiciary's new leader

Chief Justice Alexander G. Gesmundo became the 27th head of the country’s Judiciary after being appointed by President Duterte last April 5. He is expected to serve until midnight on Nov. 6, 2026, his 70th birthday.

2 mins read
Manila Bulletin
May 5, 2021

1st Batch Of National ID Cards To Be Delivered This Week – PSA

The Philippine Statistics Authority (PSA) on Monday, May 3, said the first batch of Philippine ID (PhilID) cards printed by the Bangko Sentral ng Pilipinas (BSP) will be delivered starting this week.

1 min read
Manila Bulletin
May 5, 2021

Cows, Carabaos And Horses Distributed To Bataan Farmers

BALANGA, BATAAN — As part of the continuing Livelihood Improvement Program of the Department of Agriculture (DA), the provincial government of Bataan recently distributed 40 cows and carabaos to qualified farmers in the town of Abucay.

1 min read
Manila Bulletin
May 5, 2021

Coldplay's Chris Martin To Mentor On 'American Idol'

Chris Martin will mentor on “American Idol.”As a Mother’s Day special, “American Idol” is doing a Coldplay-themed episode. Said episode is set for airing this May 9.

1 min read
Manila Bulletin
May 5, 2021

Pacquiao: No Presidential Posturings

Senator Emmanuel D. Pacquiao on Monday, May 3, denied his sending letters to US President Biden and Chinese ambassador to the Philippines amounted to presidential posturing.

2 mins read
Manila Bulletin
May 5, 2021
RELATED STORIES

Can Aluminum Really Go Green?

Alcoa and Rio Tinto —with a push from Apple—are trying to clean up production of one of the dirtiest metals

6 mins read
Bloomberg Businessweek
April 26 - May 03, 2021 (Double Issue)

Think Like a Disruptor

If you want to shake things up, you must have a mindset that’s different from everyone else’s. Here are three ways to reshape your thinking.

5 mins read
Entrepreneur
April - May 2021

Build Lasting Partnerships

Finding trustworthy vendors and partners is key to growing your business—but it’s a challenging relationship to perfect. We asked six entrepreneurs to share their best methods.

2 mins read
Entrepreneur
April - May 2021

Is This a Business?

Marco Zappia, a former bar director in Minneapolis, has an idea for a cocktail commissary business.

2 mins read
Inc.
March - April 2021

How Small Businesses Can Solve Big Problems

Entrepreneurs are a big-thinking bunch—but how can startups help tackle the world’s largest issues? Planet FWD’s Julia Collins has an answer: Start small.

9 mins read
Entrepreneur
March 2021

A Bank That Keeps Things Simple

It’s not nuts – The 18-year-old coin bank on Casilimas’ desk.

2 mins read
Entrepreneur
January - February 2021

How a Philanthropic Darling Became Political Scandal

A Canadian development charity courted celebrities, enlisted legions of schoolchildren to raise funds, and built a new, commerce-fueled model of philanthropy. Then a Covid relief deal got people asking who was benefiting most

10+ mins read
Bloomberg Businessweek
January 11, 2021

Getting More from Less

Everyone has been forced to cut back in some way—but limitations can lead us to even greater growth. We asked six entrepreneurs: What unexpected benefits have you gotten from change?

2 mins read
Entrepreneur
December 2020

Are We Going Digital Forever?

The pandemic swiftly moved our world online. Once you discover the power of engaging your customers digitally, you won’t want to go back.

3 mins read
Entrepreneur
December 2020

What Makes Peloton, Apple, Netflix, and Tesla Successful?

They’re not just smart companies. They’re vertically integrated companies—and it’s a strategy even small startups can consider.

5 mins read
Entrepreneur
December 2020