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If you end up having to introduce redundancies, pay cuts and longer hours, your staff will sense a sinking ship.
There will be more redundancies, pay freezes and pay cuts, although expect few parallel sacrifices and pain for the directors' team.
Redundancies, pay freezes and reorganisations across Newsquest's US-based owner Gannett in recent years have soured relations between staff and management, and generated resentment among staff towards the publisher of USA Today and regional newspapers across 30 states in the US.
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Alongside the attempt to attract more foreign investment, the Stormont executive is expected to embark on a major programme of public sector redundancies, paying off thousands of civil servants.
In countries like Spain, firms have laid off employees on temporary contracts (many of them young or migrants), rather than spending a fortune shedding staff on permanent contracts, which in Spain offer up to 45 days' redundancy pay for every year worked.There are also big regional differences in welfare benefits.
The union is also taking legal action against the government over cuts to the level of redundancy paid to civil servants losing their jobs.
That redundancy paid off for Mr. Kiernan on Saturday when his primary alarm, the one built into his Apple iPhone, failed to go off because of a programming error in the phone's calendar software.
He added: "I would be quite happy to declare myself redundant - but with no redundancy pay".
Large banks, hammered for their own failures and those of the government, are going through endless rounds of cost cuts and redundancies to pay for fines and ever more compliance.
Under the terms of its massive international bailout, the Greek government has had to accept substantial spending cuts, such as redundancies and pay freezes in the public sector, and reduced pensions.
Myth I am entitled to statutory redundancy pay if I am made redundant.
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CEO of Professional Science Editing for Scientists @ prosciediting.com