"Restructuring" shouldn't just be a euphemism

05/13/2009 | Strategy+Business/Leading Ideas

Don't just trim your work force to survive the downturn -- build the team you'll need when the economy comes roaring back, three Booz & Co. senior partners recommend. Start by making a brutal assessment of the talent you've got and the holes in your performance, they say. Then, when the layoffs come, protect promising low-level employees and use the shake-up to move them into positions where their gifts can really make a difference.

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