Silicon Valley Business School
Appoint Cost-Cutting Team
A Step in a Management Maneuver in the Mezzanine Stage of Startup Development

Appointing the cost-cutting team is a step in the process of cutting costs. A team can be appointed to investigate the best methods of reducing overhead and cutting costs. As a cost-cutting exercise often involves reducing headcount, such discussions are usually held in private and separate from the day-to-day operations. The team usually consists of members of the HR team, members of the finance team and senior management. This step is completed when a team has been assigned the task of cutting costs.

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