Poundwise, I respectfully disagree. You can't squeeze blood from a turnip. It may be that employers have cut back as much as possible already and still keep their businesses going.
If you've already cut the 25 people you were holding in reserve so you could lay them off first without impacting production, and then laid off another round, maybe your 10 R&D people + some office staff.
The business owners start putting in 16 hour days to cover, and you simply have to cut a few more people in order to keep afloat so you cut 2 more last month, does that mean the business is better off because the first time they cut 25 and last month they cut 2? No. It means they are about to bleed to death and the next cut may be the entire remaining work force.
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