In our previous discussion, we explored the core management philosophies of foreign financial institutions and the realities professionals should be aware of when considering a career move.
Vol 726 Stark Differences in Japanese Companies & Key Points Before the Leap” (Clic)
In our previous discussion, we explored the core management philosophies of foreign financial institutions and the realities professionals should be aware of when considering a career move.
Now, we turn our attention to the differences between “downsizing” and “restructuring.” While both involve layoffs, their underlying causes and execution differ significantly.
Companies operating in Japan are acutely aware that even minor procedural missteps can lead to lawsuits and substantial legal risks.
Understanding these distinctions is essential for safeguarding your career.
This article focuses on downsizing, which broadly aligns with what is known in Japan as “layoffs due to company circumstances.”
For those unfamiliar with the process, the reality can be far more severe than expected.
