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I can't tell you how many board meetings I've been in where the CEO is anguished over the impacts on morale that cost cutting or layoffs will bring about. You know what hurts morale even more than cost-cutting and layoffs? Going out of business.

Heidi Roizen

AboutAnguishedBeenBoardBringBusinessCeoCostCuttingEvenGoingHowHurtsImpactsKnowLayoffsManyMeetingsMoraleMoreOutOverTellThanWhereWillYou

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