Cost cutting and Lay-off's

Cost cutting, we looking into all our costs and finding ways we can save. Negotiating with suppliers etc
No lay offs but this years increases havent been decided on yet, when they are they wont be great
 
Depends on the industry I suppose, there will always be winners and losers in this type of situation. In my company, the bulk of our work (80%) is offshored from the UK/US, so we're actually growing at a massive pace. Just recruited 25 new people, with many more needed in the next 6 months. Understandably this is not the norm, as most companies would be cutting back. We're just "lucky" that the UK/US economy has virtually self-destructed.
 
No talk to lay-offs yet, definately an element of cost cutting all round and increases have been deferred until later in the year when a clearer picture is available.
 
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