Is there any right way to downsize?

It is a well known fact that organizations who have not treated their employees well during the downturn are now finding difficult to recruit good people and in fact have started loosing people who are leaving them for greener pastures. So much is written about this topic but still very few manage this well. I firmly believe that employees should always be treated with dignity, fairness and respect. Management should be more visible in such situations and should not go into hiding. They should help people find new jobs by leveraging their personal networks and should avoid doing only a lip service. Downsizing if not done properly, will definitely dent the long term prospects of an organization.