My company, PostcardMania, was facing the same predicament as everyone. With this dip in the economy, and weekly earnings down 41%, where should I make cuts to stay afloat? Payroll cuts, while an ugly option, would seem to be one of the more practical cutbacks for a financially struggling business, especially one with 282 salaries.
Original Article Source Credits: Forbes, https://www.forbes.com/
Article Written By Joy Gendusa
Original Article Posted on: Sep 29, 2020
Link to Original Article: https://www.forbes.com/sites/forbesagencycouncil/2020/09/29/four-strategies-for-identifying-financial-breathing-room-in-your-business/#29d70a822aeb