Recession period in office

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Hey Freinds This is the first time there is recession period is going on n this effect to all people As in our office meeting is held for recession n was asked all staff member what would be done in this period of recession According to director n managers have decided 1 option salary cut off and than to fired staff those who are not working properly 2 option there could be cut off n saving in electricity staff welfare conveyance traveling and mobile bill and we though 2 option was better for some 2-3 month further depends on recession period what are your suggestion for recession period going in all office either people lost there jobs or cut off in salary give your suggestion n ideas for recession in office