There are alternative ways to deal with a downturn, in the past German companies have successfully introduced part-time employment for all employees to avoid ha

There are alternative ways to deal with a downturn, in the past German companies have successfully introduced part-time employment for all employees to avoid having to layoff employees. This avoids employee knowledge and experience from leaving, making it easier to scale back up once economy picks up again. https://www.researchgate.net/publication/277267537_Securing_Jobs_in_Times_of_Recession_The_German_Experience_during_the_Financial_Crisis_20082009 https://www.researchgate.net/publication/277267537_Securing_...