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Posts tagged "Business Downsizing"

3 legal pitfalls of downsizing your company

Every business owner knows that the economy fluctuates. No matter what industry you are in, you can expect times of great profit and periods that are sparse. In some cases, the latter will necessitate action. You may need to cut costs in order to maintain your business, but downsizing is often easier said than done. There are several legal pitfalls, in fact, that can make it a liability and therefore potentially more expensive than it is worth. The following are important risks to avoid when you are reducing your workforce.

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