Explain presidents decision to undergo major restructuring

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Assignment;

The McGregor Company has been in business for more than 20 years. It is a Fortune 500 company that puts most of its investments in overseas markets. Over the past two months, the company has lost more than 250,000 shares of stock due to these investments. The president of the company met with the department directors to explain a plan to reduce further loss. He has determined that a restructuring of the company is vital to offset any further loss in stock. The reorganization will be taking place over the next two weeks.

The supervisor in your department met with all employees to explain the president's decision to undergo major restructuring, reorganization, and the layoff of 500 employees to recapture the money lost through overseas investments. You and several of your coworkers feel that these changes cause undue anxiety because they were not sufficiently communicated to the workforce by leadership so as to allow employees time to find a new job.

Reference no: EM133379327

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