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recession

It Was Easier to Lay Off 5 People than Fire One

by Tim Berry on June 17, 2009

in Business Management, Business Stories

During in the recession of 2001, I let 5 people go in a single day. Our sales were down, but we held on, for too long, hoping things would turn up in time to save the jobs. They didn’t.
Letting people go is the hardest thing a small business owner does.
But from that hard time I discovered [...]

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