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Leaders in the study reported having to implement staff reduction targets, dispose of big businesses in major markets, and lead mergers and acquisitions.
Mr Day said he would do a "store-by-store profitability assessment" with the aim of closing underperforming shops unless it was possible to implement "reduced rents, staff reductions or other cost saving measures".
"We have begun to implement a companywide reorganization, which includes significant staff reductions, not renewing many consultants' contracts and the continuation of other cost-reduction initiatives, that will ensure we remain competitive and profitable in 2009," Christie's said in a statement on Monday, without saying how many positions might be cut or giving any further details.
Mr. Diaz, for one, cited a pair of changes that he felt had made a difference: the staff reductions in the Street Crime Unit and the community outreach programs implemented by commanders in the local 43rd Precinct.
-- are making significant cutbacks and staff reductions.
Staff reductions have been made through attrition, he said.
The reason is additional savings from staff reductions.
Where are there apt to be staff reductions?
She declined to say whether staff reductions were expected.
Proposal Includes Plans for Office Consolidations and Staff Reductions.
The site figure is now higher than expected, implying that staff reductions could be steeper.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com