This was originally published on Startup Grind, the global startup community.
As a growing startup, a reduction in force (RIF) might be the furthest thing from your mind. Unfortunately, they are a reality that most companies must at least consider at some point in their growth and it’s better to be prepared than left to chance.
Looking around at today’s business landscape, we can see that even amidst mostly positive news, there are companies like Macy’s and Kmart that must constrict in order in to survive. In this context, a RIF can actually be a painful but critical part of building a more effective organization.