When faced with too many expenses and not enough income and you have run out of expenses to reduce, rather than firing employees, the fair and socially-responsible way to cut costs is NOT to fire employees who had nothing to do with those costs getting too high. The FIRST target of cost-cutting needs to be [...]
I think I originally suggested trimming executive pay. Always a good idea.
But that link above was lost. Maybe this, below, will suffice: