I worked for over 20 years for a very large, Fortune 500, electronics manufacturer. that was a major Tier-1 supplier to the automotive industry. I survived several down-sizing's the company imposed, Great Recession, etc. During the Great Recession, I accepted a position as Controller for a program to reduce the company's bottom-line costs by ~400M/yr. I did that position for 2-1/2 years - long enough to get us through the crisis. We were successful and Wall Street responded in kind. I was working with Plant Managers and other regional executives who were doing things such as winding down manufacturing plants in the US, Germany, Asian locations, etc. This was a period of mass-consolidation for our company of over 25K employees worldwide. I was crunching spreadsheets and approving plans for mass layoffs of hundreds or thousands of employees at various locations worldwide. It was a traumatic experience. I reported to senior executive leadership in this project, on a weekly basis. They had gambled that Wall Street would be receptive to our project, and everything rode on the success of this project. I was in daily meetings with Plant Managers, holding them accountable to meeting their layoff projections, and demanding they provide justification on why they may not be meeting their targets. It was eye-opening and enlightening. In the end, the program was successful and we managed to stay in business.