359: Tough Call: Is Downsizing Your Team the Right Move?
If you're noticing a decreased demand for your products or services and you're worried about payroll, I'm here to offer some practical strategies to help you through this challenging time.
Tune in as I share six thoughtful approaches to temporarily reduce payroll spending, all while keeping your team's well-being in mind. We'll talk about everything from dipping into financial reserves and encouraging your team to take some paid time off, to exploring job shares and reassigning roles. I aim to help you approach these tough calls with transparency and respect for your team.
We'll also discuss the importance of seeking legal guidance when considering layoffs and ensuring that any downsizing is done with care and thoughtfulness. It's all about maintaining a strong core team, adapting to new business models, and setting yourself up for future growth.
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