In recent years corporate downsizing has been on the rise throughout the world. Downsizing, which is usually called restructuring, rightsizing, reallocating resources, or job separation, is reducing costs by dismissing employees and reassigning their duties to the employees who remain. In their quest to lower costs to stay competitive, companies often wield the ax with little or no regard for the well-being of people involved. Industry analysts assert that if organizations wish to consider themselves responsible, moral corporate citizens, they must demonstrate concern for their employees, even when they have to tell them they are no longer employed. Employees who know what is going on can prepare themselves for the inevitable and are much better able to cope when the ax finally does fall.