Often, we view cost-cutting as an unwanted exercise that brings disturbance to the business. We leave it as a last-resort option if nothing else can be done to help the business survive.Presently, there are many options for transforming cost-cutting exercises into opportunities, making your business better in the eyes of employees, customers and stakeholders.
Retain quality staff
Jobs across the globe are affected by the current crisis and as layoff and furloughs become commonplace. Stanford Professor of Economics, Nicholas A.