Strategic Staffing and Cost Management: Alternatives to layoffs, such as voluntary leave and reduced hours: Instead of layoffs, the company could consider offering voluntary leave or reduced hours. This would allow the company to reduce costs while also giving employees the option to choose what works best for them. Long-term talent retention strategies during economic downturns: The company could consider implementing strategies such as offering competitive compensation packages, providing opportunities for career growth, and fostering a positive work environment. This would help retain top talent even during challenging economic times. Explanation: These recommendations are based on the idea that a successful company needs to continuously adapt to changes in the market, invest in its employees, and manage costs effectively. By diversifying its customer base, PAC Resources, Inc. can reduce its dependence on a single market and increase its potential for growth. Improving employee relations and organizational culture can enhance productivity and job. Please elaborate more on this