How To Properly Handle A Reduction-In-Workforce And Employee Layoffs

In times of economic contraction business executives and owners are required to make some very tough decisions to keep an organization operational. In some situations where cash flow is a concern, simply furloughing employees for a short time can help to “right the ship” so-to-speak. However, sometimes furloughs just aren’t enough… When revenue has sharply decreased and the near-term forecast doesn’t appear favorable, it is necessary to take swift, appropriate action.
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