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ACEO determines that the company needs to eliminate a labor surplus to avoid financial difficulties. To deal with this problem, the CEO chooses a strategy

ACEO determines that the company needs to eliminate a labor surplus to avoid financial difficulties. To deal with this problem, the CEO chooses a strategy that gives fast results. However the amount of suffering caused to employees is high. The CEO is most likely using the strategy to reduce the labor surplus.
early retirement
downsizing
natural attrition
retraining
hiring freeze
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