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How Companies Should Cut Back
by bill - 2010-05-02 ( life / money / employment )
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
blog version — similar posts here — ... and elsewhere
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