Michael Johnston: “We have to right size. That will require laying people off.”

“No CEO, no mayor, no business leader ever wants to have to do this. But the condition we are in right now is sales tax is too flat, revenues and expenses are too high. We have to right size. That will require laying people off. And that will be not just vacancies. It will be great folks that we have now who I'm sure when we restructure this 200 million, we won't have all the same folks we have now.” (07:03–15:13)

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