photo credit: SqueakyMarmot
There are proper way to cut costs in your business, because believe it or not, certain cuts are worse than no cuts at all.
When cutting costs and looking the difficult choice of letting some people go, make sure your making the right choice for the better of the company. Rather then leting go the 20 year veteran and replacing them with a 20 year old part time employee, let go of some of the people lower on the seniority scale. If Circuit City had followed this advice, they might have been able to stay in business.
Do you have any suggestions for making good decisions in making cuts?