[davegardner]

The other option to cope with an extended period of lower revenue is to make sure you have enough cash in the bank to ride it out.

[MrMember]

Victorinox, maker of Swiss army knives, does this and claims to have never laid off an employee.

[vortico]

Right, that's the "don't let it happen" option. But the options I listed are for when it does anyway.