The leader of the UK bosses organisation the Institute of Directors is urging Island firms to think carefully where to make savings in the current economic squeeze.
Director General of the Institute of Directors Simon Walker has visited the Isle of Man to celebrate the 25th anniversary of the local branch.
He says many local firms have had to make tough decisions to stay afloat - and cutting staff can seem the quickest way to reduce budgets.
But Mr Walker says for a company's long-term good, other factors need to be considered:
Clip 1
Person dies following road traffic collision at Hillberry
Contractors to start installing 20mph signs in Douglas and Onchan
Accessible bus stops rolled out across Bus Vannin network
Road closures in place following incident in Hillberry area
£1 million National AI Office launched to coordinate artificial intelligence policy and adoption