In 1982 NUCOR Corp. (Steel Manufacturer) had over $4 billion in profits. Then BAM! business decreased by 1/2. How would you try to save your company? by Jo Rohde https://padlet.com/jrohde1/7zkpfh5eiclfpkhn Post your response to the discussion topic by clicking the plus button below. en-us 2025-06-03 16:44:15 UTC 2025-06-05 14:10:03 UTC hello@padlet.com https://padlet.net/icons/8.0/png/1f4a1.png https://padlet.com/jrohde1/7zkpfh5eiclfpkhn/wish/3480484785 Prepare for cuts and decrease in product. Taper so there isn’t a shock.

]]> 2025-06-05 14:07:44 UTC https://padlet.com/jrohde1/7zkpfh5eiclfpkhn/wish/3480484785 https://padlet.com/jrohde1/7zkpfh5eiclfpkhn/wish/3480485282 Decrease profit margin - effect salaries fairly - maybe not proportionally

]]> 2025-06-05 14:08:16 UTC https://padlet.com/jrohde1/7zkpfh5eiclfpkhn/wish/3480485282 https://padlet.com/jrohde1/7zkpfh5eiclfpkhn/wish/3480485301 Downsize where possible - not just people.

Reassure the entire team efforts are being made.

Practice transparency.

]]> 2025-06-05 14:08:18 UTC https://padlet.com/jrohde1/7zkpfh5eiclfpkhn/wish/3480485301 https://padlet.com/jrohde1/7zkpfh5eiclfpkhn/wish/3480485303 I would collaborate with other CEOs to gather ideas as to what we can do that would be beneficial for employees and best for the company.

]]> 2025-06-05 14:08:18 UTC https://padlet.com/jrohde1/7zkpfh5eiclfpkhn/wish/3480485303 https://padlet.com/jrohde1/7zkpfh5eiclfpkhn/wish/3480485557 Payouts

Staff meeting to address changes


]]> 2025-06-05 14:08:32 UTC https://padlet.com/jrohde1/7zkpfh5eiclfpkhn/wish/3480485557 https://padlet.com/jrohde1/7zkpfh5eiclfpkhn/wish/3480485591 ✂️🧍🏻

]]> 2025-06-05 14:08:35 UTC https://padlet.com/jrohde1/7zkpfh5eiclfpkhn/wish/3480485591 https://padlet.com/jrohde1/7zkpfh5eiclfpkhn/wish/3480485645 I would save my company by decreasing my bonus. Boost moral, redefine our vision.

]]> 2025-06-05 14:08:38 UTC https://padlet.com/jrohde1/7zkpfh5eiclfpkhn/wish/3480485645 https://padlet.com/jrohde1/7zkpfh5eiclfpkhn/wish/3480485819 Think about areas where we can cut back costs.

]]> 2025-06-05 14:08:48 UTC https://padlet.com/jrohde1/7zkpfh5eiclfpkhn/wish/3480485819 https://padlet.com/jrohde1/7zkpfh5eiclfpkhn/wish/3480486293 Have open communication and find ways to decrease spending in all levels

]]> 2025-06-05 14:09:15 UTC https://padlet.com/jrohde1/7zkpfh5eiclfpkhn/wish/3480486293 https://padlet.com/jrohde1/7zkpfh5eiclfpkhn/wish/3480486573 Being honest and transparent with the staff that hard time have come and will be around. This is due to the current economic climate not because of thier work. Let them know that every option is being explored and will make the best decision possible.

]]> 2025-06-05 14:09:27 UTC https://padlet.com/jrohde1/7zkpfh5eiclfpkhn/wish/3480486573 https://padlet.com/jrohde1/7zkpfh5eiclfpkhn/wish/3480486631 Work free


]]> 2025-06-05 14:09:30 UTC https://padlet.com/jrohde1/7zkpfh5eiclfpkhn/wish/3480486631 https://padlet.com/jrohde1/7zkpfh5eiclfpkhn/wish/3480487136 I would hold a meeting with execs in the company to express the news and develop a common language around upcoming layoffs. Allow people to get jobs back when business rebounds…

]]> 2025-06-05 14:10:02 UTC https://padlet.com/jrohde1/7zkpfh5eiclfpkhn/wish/3480487136