Avoiding Layoffs: Alternatives to Save Money for your Business

Amazon began laying off some employees in its advertising division on Tuesday as part of CEO Andy Jassy’s effort to rein in costs. Amazon let go of 18,000 people as part of earlier layoffs announced last November and in January. Amazon would lay off 9,000 employees in addition to the 18,000 cuts it announced earlier. The earlier layoffs were concentrated in retail, devices, recruiting and human resources. The recently laid off employees are from its advertising, cloud computing and Twitch live streaming divisions as well as its video games division.

When your company is facing hard times, it can be tempting to cut costs by laying people off. Although layoffs may help companies cut costs in the short term, they often have a devastating effect on employee morale and productivity that can lead to serious problems for long-term growth.

Low morale can be a serious problem for companies that lay off workers. When employees see their co-workers laid off, they may worry about their own job security and become less productive. Layoffs also reduce the company’s ability to attract talented workers. If you are a candidate looking at job offers, why would you want to go work for a company that is constantly laying off people? You may be more likely to choose one of your competitors who have not had layoffs in recent months.

You may want to explore other options that could help you save money. For example, companies often find that an ERP system reduces the costs of doing business and makes better use of resources. That’s why many companies are now moving to ERPs. An ERP can help companies reduce costs and improve efficiency by automating many of the processes involved in running a business. For example, an ERP can help you manage customer orders and inventory more efficiently. It will also give you access to real-time data that helps you make better decisions about things like pricing and product mix.

Multiable provides a well-designed ERP system to help businesses centralize and streamline their daily operations. Multiable provides a flexible and robust system by which companies can grow their businesses. The built-in analysis tools and intelligent reporting tools let you conduct real-time business intelligence to perform in-depth analyses of your operations.

About Multiable:

Multiable is one of the top software companies in the industry and it is known for developing innovative ERP systems. For over 30 years, Multiable has been a successful company and Multiable ERP system is used by 6,000 companies across Asia. Multiable expertise in implementing ERP systems is widely acknowledged, because its experts possess a deep understanding of business processes and are able to guide clients through the application of Multiable ERP system.

About EDG Grant:

The Enterprise Development Grant (EDG) was launched in 2018. EDG is a single grant that supports companies in the upgrading of business capabilities, innovation and internationalization. EDG replaces the Capability Development Grant (CDG) and the Global Company Partnership (GCP) in the same year.

M18 ERP and M18 HCM is under the scopes of EDG grant.

Our consultants have rich experience in helping customers to get EDG application awarded to deploy our renowned M18 ERP in Singapore. Multiable will provide relevant technical / system related documentations and guide you throughout the application process

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