Should John lay off some workers or cut wages to help keep the company alive?
I think that John should cut wages to help keep the company alive that way he would not have to lay off his employees. But, in reality if he did that then most employees would want to quit because they are getting a much less salary than expected. In all reality, if this happened John would lay off the workers because that is the way how society works now. In today's world, everyone is getting laid off their jobs because of today's economy and that is just sad because most people need their job in order to survive. I think that John should find another solution and take care of it in his own way because he should have more than one plan.
Do you think there is a benefit over laying off employees as opposed to cutting wages? If you were the owner of a company, would you have more than one plan? What would it be?
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