Guide

5 Stats That Show Cutting Costs by Cutting Jobs Hurts Business (and What to Do Instead)

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How to streamline spending without sacrificing valuable talent and expertise

As businesses aim to manage costs in a shifting economic climate, layoffs are a common strategy. However, this seemingly simple solution can have harmful consequences.

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In this guide, we reveal why focusing on indirect spend management offers a way to avoid difficult downsizing exercises. You’ll learn:

Why overlooked categories represent the area of greatest spending inefficiency in most organizations

Efficient ways to optimize processes, enhance visibility, reduce risks, and control costs

How to save 7% to 15% on addressable indirect expenses and reinvest those savings to fuel additional growth

Analyst recognized, customer focused