How Much Cost Can Be Taken Out In The First Round?

The 10 alternatives as well as other potential across-the-board cost-cutting measures will make a significant dent in the total cost reduction target. Some companies can stop at this point; others must seriously consider alternative work arrangements and layoffs. The biggest mistake an employer can make is to promise that there will be no layoffs when there may be a need to consider that option down the line. This is why it is critical to perform an analysis of all three rounds before committing to any particular strategy.