Reducing benefits is one way to reduce labor costs.
This can be done by reducing the amount of money spent on benefits, such as health insurance, retirement plans, and other employee benefits.
Employers can also reduce the number of hours worked by employees, or reduce the number of employees on staff.
Reducing benefits can help employers save money, but it can also have a negative impact on employee morale and productivity.
Employers should carefully consider the pros and cons of reducing benefits before making any decisions.