Select all that apply What are the problems associated with headcount reduction in cutting labour costs? (Check all that apply.) Multiple select question. Some companies are running so lean that further reductions mean that production and service levels must also fall Workforce reductions are expensive in terms of administrative costs, severance pay, and exit incentives Layoffs and plant closings generally have unfavourable short-run effects on stock prices. Organizations will not be able to generate revenue if business picks up again. Workforce reductions can harm employee relations. Workforce reductions that involve exit incentives help the firm to retain its top performers Organizations with a greater number of workforce reductions experience greater voluntary turnover