Jean Paul's French Foods founded in $1963$ has grown steadily to $250$ employees. Despite its size, Jean Paul's operates as a family business with a strong clan culture. Jean Paul's CEO, John Smythe, has just learned that the company's long$-$standing and best customer, Saul's Bistro, with $15$ locations in the region, is filing for bankruptcy. As a result, Jean Paul's will immediately experience a $15$ percent reduction in sales. Based upon this description, what do you advise John to do$?$

Multiple Choice

Without consulting his team, lay off $15$ percent of the workforce

Ask members of the entire company to agree to cut their hours by $15$ percent until business improves, avoiding any layoffs.

Without consulting his employees, quickly sell the company

Avoid an employee strike by offering bonuses to employees.