8 Tips for Managing Staff Through Hard Times

Courtesy Whole Foods
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"It’s very painful to do, but when you lay people off, it’s important to make the cuts deep enough so that you won’t have to do it again soon," says John Mackey, founder of the Austin-based Whole Foods, the natural and organic supermarket chain that reached $7.9 billion in revenue in 2008. "Your employees will forgive you one round of layoffs," he says. "But if you do it a second time, you will lose their trust as people start thinking, My God, when am I going to lose my job?"