During the lockdown period I have been working on our financials and also budgets moving forward and our business is not in good shape. I have gone through what costs can be cut, however this will unfortunately not be enough. At the moment I am forecasting a loss of approx 250k in this coming year if we stay as we are, the only way I can see of preventing this is cutting costs and also moving staff from other positions into sales roles so that we are also able to increase our turnover.
I myself have never performed a redundancy/restructure however I have been involved with one by crunching the numbers.
Any advice or guidance on this matter would be greatly appreciated.
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