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You are manager of a process development department. Your immediate supervisor, the VP of New Stuff has just informed you that the company is in

You are manager of a process development department. Your immediate supervisor, the VP of New Stuff has just informed you that the company is in financial trouble. You are instructed to reduce your costs by 40% over the next two months. Explain how you will accomplish this task with respect to personnel and projects only. (Include a list of your assumptions)

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