QUESTION $6(10$ points$)$

Green Lab, a once$-$thriving organic food and beverage manufacturing company, faced adversity during the pandemic as demand dwindled, resulting in diminished profits. In discussions led by HR Manager Gurpreet Kaur and executives, the focus shifted to addressing the financial strain by considering cost$-$cutting measures. Gurpreet knew that there was a diverse employee base in the company that included both long$-$standing and newer staff. When reviewing employees' files, she noticed that there were many skilled workers with extensive experience in manufacturing processes who had been with the company for over a decade, demonstrating loyalty and dedication. She also noticed there were some new employees who, despite receiving multiple written warnings, still struggled with performance issues.

Which strategy$/$strategies to Human Resources Management discussed in the course would you suggest Gurpreet use to cut costs to ensure the company's survival? Explain why.