Authors:-Assistant Professor Dr. Meghna Sharma

Abstract- This research analyses different types of downsizing announcements in the IT sector. A cognitive analysis has been done to understand various types of downsizing announcements and how IT employees perceive them. A descriptive analysis has been done on the methods adopted by the IT companies to announce downsizing such as media announcements, internal declaration, feedback after declaring the downsizing, and storytelling method. The research concluded that employees prefer the storytelling method in making the downsizing announcement wherein they get the opportunity to understand that they may find better options in their career path.