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Company executives, HR people, and other managers face a difficult decision this year: to party or not to party. In the wake of recent layoffs, the prospect of possible future cuts, and as a reflection of the general trend toward corporate belt-tightening, many businesses are worried. Still, it's not an easy call. Even in sectors that haven't (so far) been affected by the downturn, a lavish display of holiday cheer seems in poor taste. Yet canceling all festivities may only compound employee feelings of uncertainty and despair.
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