We're in a difficult spot: our budget is tight, and leadership is considering either reducing everyone's salary by a small percentage or letting a few people go. As HR professionals, how have you navigated this dilemma? Did employees prefer a shared sacrifice approach or were layoffs ultimately less damaging to morale? How did you communicate the decision and maintain trust afterwards? There’s a thoughtful debate on theconsultnow.com about pay cuts versus layoffs, but I’d appreciate hearing experiences from this community.