Every day more and more companies are reducing their workforces. Many companies have been hurt by dramatic reduction in product demand. Some have cut jobs preemptively, while others have done so reactively.
By now, you all have examined your markets and the likely impact of generally depressed spending. You have considered various future scenarios that are deemed to be reasonable. You have altered you financial projections to reflect changes you must make to retain your profitable status. You have gone beyond cutting out luxurious expenses. You have a complete strategic and tactical plan. You know how to get through our current times. If not, give us a call and we’ll give you a hand.
For the next week, we are collecting data in the form of an unscientific straw poll. Please respond as to:
Have you (or a company you are familiar with) experienced cuts?
… and if so, how deep have you/they gone? (using the following six categories):
1. Weed out weak performers
2. Force change / re-organization of processes / create efficiencies / automation based cuts
3. Reduce extras / intangible customer benefits
4. Reduce capacity to grow, while maintaining production capacity & customer service levels
5. Reduce product quality or customer service levels
6. Cull customers allowing reduction in production and customer service