4 Strategies to Try Before Layoffs (And the Pros and Cons of Each)

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Across industries, companies are hard at work planning for the future and preparing to weather COVID-19-related economic changes.

For some businesses, the situation has triggered a company-wide hiring freeze and a massive reduction in force, which contributed to a 33% spike in United States unemployment claims over the course of a few weeks. For others, it’s led to a sudden adjustment to working remotely and even demand for more hiring in remote-friendly or essential industries such as pharmacy and grocery retail and tech support.

And of course, some organizations are in between, with the need to make a decision about

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