That's absolutely true, the true worth of a company comes in these difficult times only. The few cost-cutting strategies can be taking a 30-50% cut for like 6 months so that the companies do not have to layoff anyone.
Personally, I am ok to take a pay cut than going into unemployment in such uncertain situations.
Uncertain times indeed. I can't afford a large cut or full layoff, as for me, there is no other avenue of income like 99% of other people working here, as I have a business - even though that is also getting hammered.