As my deep Lancastrian father in law would say…
“owt’s better that nowt”
Been through similar experiences recently, had to tell staff they were on a 4 day week. Got everybody involved in cost cutting and efficiency drives, which boosted morale considerably- everyone working to keep the business afloat. Unfortunately we couldn’t survive the constant waves of bad news (suppliers demanding cash on delivery, customers not paying on time, major contracts being pulled or postponed).
Such is life… I do rest easy in the knowledge though, that I did everything I possibly could to help. In the end we were victims of circumstance. 🙁