Small Businesses Buck the Layoff Trend

If you once had a no-layoff policy, chances are you've had to reconsider it recently. But as pervasive and commonplace as layoffs are these days, some small business owners are refusing to give in to the pressures.If this sounds like you, then you'll want to read this Wall Street Journal article about small business owners who are taking drastic measures to avoid the dreaded l-word. Instead of laying off employees, they're making major cutbacks to stay afloat—such as requiring mandatory days off and imposing 10 percent pay cuts. It still delivers a blow to employees who live paycheck to paycheck, but it's less severe than the alternative