Scenario: You are a manager at a manufacturing company. The company is facing financial difficulties, and the CEO has instructed you to reduce costs to keep the business afloat. One option is to lay off a significant number of employees to cut expenses quickly. However, this decision would result in many people losing their jobs and facing financial hardships.

1. Identify the possible courses of action and assess their ethical implications based on the chosen framework.

2. Identify what philosophical approach the course of action signifies