How to Avoid Layoffs: Cost-Cutting Strategies for Business

Many companies were not designed to flourish in the face of today's ever-evolving challenges, and a significant number of them simply won't survive. The resilient few that have managed to weather the storm must proactively fortify themselves against future market turbulence. Regrettably, belt-tightening measures frequently affect employees' incomes. However, it's worth noting that some forward-thinking firms allocate crisis-management funds to safeguard their workers' compensation during these trying times.