Top 3 Strategic Alternatives to Layoffs
Careerminds
APRIL 19, 2024
When considering cost-saving measures or optimizing staffing, the default solution for many is to consider reducing the workforce through layoffs or other forms of downsizing. However, are there alternative approaches that could be explored in such scenarios? Yes, there are alternatives to layoffs. While layoffs may sometimes be necessary to achieve certain goals, there exist numerous other methods to reduce workforce size, either permanently or temporarily, allowing businesses to recover and at
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