The love of the boss
Chapter 47: Perseverance in Crisis
The company's development path was not smooth sailing. A sudden global economic crisis dealt a heavy blow to Lin Xiao and Su Yao's business.
"Su Yao, this economic crisis is coming with great force. Market demand has shrunk sharply and our order volume has dropped significantly." Lin Xiao said worriedly as he looked at the financial statements in his hand.
Su Yao's face was also very solemn: "Not only that, it is difficult to recover funds, and suppliers are urging us to pay. Our capital chain is about to break."
In order to cope with the crisis, they first decided to lay off employees to reduce costs. This was a difficult decision, and the faces of every laid-off employee were full of loss and helplessness.
"Mr. Lin, do you really want to lay off so many people? Everyone has contributed a lot to the company." The HR manager asked with some reluctance.
Lin Xiao closed his eyes painfully and said slowly: "This is a last resort. Only in this way can the company survive."
However, layoffs did not completely solve the problem. Banks were also cautious about the company's loan applications due to the unstable economic situation.
"Su Yao, the bank rejected our loan request. Now our funding problem is even more serious." Lin Xiao paced anxiously in the office.
Su Yao bit her lip: "Let's think of other ways, such as seeking support from other investors."
In the process of looking for investors, they encountered various setbacks. Some investors put forward harsh conditions and tried to control the company's decision-making power; others lacked confidence in the company's future development and directly rejected it.
"Lin Xiao, this investor has failed again. They think the possibility of us turning around in the crisis is too small." Su Yao leaned back in her chair tiredly.
Lin Xiao clenched his fists: "Can't give up, there must be a way."
At the same time, competitors took advantage of the situation and tried to snatch the company's customer resources at low prices.
"Su Yao, several of our big customers have been poached by our competitors. What should we do?" the sales manager said anxiously.
Lin Xiao's eyes were determined: "We will win back our customers with better services and more competitive prices."
Within the company, employee morale has also been greatly affected, and everyone feels confused and worried about the company's future.
"Boss Lin, everyone is in a state of panic and lacks enthusiasm for work," the department head reported to Lin Xiao.
Lin Xiao decided to hold a general staff meeting to boost morale.
"Dear colleagues, I know this is the most difficult time for the company, but as long as we unite as one, we will be able to overcome the difficulties." Lin Xiao's voice was firm and powerful.
Su Yao also encouraged everyone: "Let's work together. When the crisis is over, the company will not forget everyone's efforts."
Thanks to the efforts of Lin Xiao and Su Yao, some employees regained their spirits, and everyone came up with ideas and strategies to jointly deal with the crisis.
They continuously optimized their products and services, reduced costs, and worked hard to expand new markets. After several months of hard work, the company finally saw a turnaround.
"Su Yao, this month's order volume has started to pick up, and the financial situation has also improved." Lin Xiao held the latest report and a long-lost smile appeared on his face.
Su Yao's eyes were filled with tears: "Great, our efforts have not been in vain."
Although the crisis has not completely passed, Lin Xiao, Su Yao and their team persevered in the difficult situation and won a glimmer of hope for the company's future.
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