ISSN 2756-3677
International Journal of Banking, Economics and Finance ISSN: 8201-4728 Vol. 4 (3), pp. 001-007, March, 2020. © International Scholars Journals
Full Length Research Paper
How downsizing affects the job satisfaction and life satisfaction of layoff survivors
Muhammad Imran Malik1, Ashfaq Ahmad2* and Saddam Hussain3
1Foundation University, New Lalazar, Rawalpindi Cantt, Pakistan.
2Department of Business Administration, University of Sargodha, Pakistan.
3University of Peshawar, Pakistan.
Accepted 30 September, 2019
Abstract
Organizations go for downsizing to increase their efficiency and reduce costs but it may result in dissatisfaction among employees. The current study examines the effects of downsizing on layoff survivors’ job satisfaction and life satisfaction. The sample for the current study is drawn from the two main organizations operating in Pakistan. A sample of 450 respondents took part in the study resulting in 75% response rate. The results show that downsizing negatively affects the job satisfaction and life satisfaction of survivors. The difference of experiences regarding job and life satisfaction between the two organizations is also assessed. The results are compared and discussed in the light of available literature. This study will enable researchers, academicians and policy makers to understand the influence of downsizing on job satisfaction and life satisfaction.
Key words: Downsizing, job satisfaction, life satisfaction, layoff survivors, Pakistan.