Not the parent, but I have known a couple of places that simply cut hours, without either hiring more people or increasing the hourly burden on exempt employees

Not the parent, but I have known a couple of places that simply cut hours, without either hiring more people or increasing the hourly burden on exempt employees, and then complained they weren't meeting their targets. (I've also known one or two places where they flat out told people to not report hours above a threshold and/or "mysteriously" deleted the overtime from the hours recorded, and the employees felt they couldn't report it to external authorities without getting fired.)