How can we maintain employee morale while cutting costs?
It's crucial to communicate transparently with employees about the reasons for cost-cutting. What specific measures are you considering?
We're thinking about reducing bonuses and implementing a hiring freeze.
Consider offering non-monetary benefits, like flexible work hours or professional development opportunities, to boost morale.
That sounds good. How can we communicate these changes effectively?
Hold a company-wide meeting to explain the situation, and follow up with regular updates to keep everyone informed.
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