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What short-run, long-run, and policy options are available to managers in lieu of firing employees?

If a firm finds itself in financial difficulties, the widely accepted corporate panacea has been to cut personnel. The primary objective is to present a methodology enabling firms to minimize, defer, or avoid the adoption of RIF (Reduction in Force), layoffs, and downsizing-related activities.

1). What short-run, long-run, and policy options are available to managers in lieu of firing employees?

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