Computer Weekly have some ideas for boosting business performance-
Contact long-term suppliers and seek their input into the cost reduction process. Together you can drive forward the joint cost reduction projects on the basis of reduced revenue but increased profitability.
Do not stop investing in existing staff. Re-skill your existing workforce, focusing on value for money in the back office and retaining your customers in the front office roles.
Keep tight controls on and around operational spending and costs - any cost reduction needs to be aligned to business strategy rather than by putting a blanket percentage cut across the organisation.
Can you think of any good ones?

Mike
Microsoft Empowers for ISVs