How Companies Should Cut Back

by bill - 2010-05-03 13:00:00 ( in life, money, employment) [php version]

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:

hbr.org/2010/05/when-youve-got-to-cut-costs-now