Cut back on inventory.. Cut back on non-essential spending.. Reduce training budgets.
Cut back on inventory.
Cut back on non-essential spending.
Reduce training budgets.
Reduce your employees' hours.
Get your employees involved in choosing downsizing options.
Tell each employee one-on-one.
Let them say goodbye.
Help former employees with new opportunities.
Work on maintaining the trust of your remaining employees.
Inform remaining employees when layoffs are over.
Communicate your new expectations clearly.
Praise and reward your employees.
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