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Organizations go for downsizing to increase their efficiency and reduce costs but it may result indissatisfaction among employees. The current study examines the effects of downsizing on layoffsurvivors’ job satisfaction and life satisfaction. The sample for the current study is drawn from the twomain organizations operating in Pakistan. A sample of 450 respondents took part in the study resultingin 75% response rate. The results show that downsizing negatively affects the job satisfaction and lifesatisfaction of survivors. The difference of experiences regarding job and life satisfaction between thetwo organizations is also assessed. The results are compared and discussed in the light of availableliterature. This study will enable researchers, academicians and policy makers to understand theinfluence of downsizing on job satisfaction and life satisfaction.
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