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Healing the Wounds: Overcoming the Trauma of Layoffs and Revitalizing Downsized Organizations by David M. Noer

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5.12. A Look Back from the Second Act

The first act (the initial wave of layoffs from the late 1980s to the early 1990s) was followed by an intermission stimulated by an economy of easy credit, liquidity, and technology-based globalization. For better or worse—in the short term probably the worse—the second act, triggered by a global meltdown of our financial infrastructure, act is upon us. During the intermission and in the early stages of the second act, I have remained in contact with the client organization as an executive coach and consultant. I have also worked with many other similar organizations. Here are three observations:

  • The survivor feelings outlined in this and the previous chapter are just as relevant to the organizations of ...

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