Retraining takes time and money. People are not always easy to retrain. People will be unhappy about any pay cuts. Sometimes it is best to let them go. CEO oft

Retraining takes time and money. People are not always easy to retrain. People will be unhappy about any pay cuts. Sometimes it is best to let them go. CEO often cannot predict exactly what the economy will do and what the clients will do. Their decisions can be based on data but it doesn't mean they can predict the future. To be frank, I am not saying this is right or wrong. This is reality of business.