When the realities of the Covid-19 pandemic became apparent in March of 2020, most organizations responded in two ways: by having employees begin working remotely and finding ways to cut spending. While this cost-cutting occurred across the board — Gartner research revealed that 93% of midsize organizations cut costs — the strategies varied: 49% put hiring freezes in place, 27% conducted significant layoffs, 35% cut all training, and 27% froze all promotions.