Reduce costly overtime hours and hire more staff to do the same work cheaper during regular hours.
Hire people in low cost labor areas (countries and geographic regions) who can do the same volume of work that is now done in a high labor cost area.
Reduce quality/reject standards to increase short-term productivity.
Cut the number of meetings and do more remotely. Reduce hour-long meetings to 50 minutes.
Reduce overhead function headcount to match reduced "headcount ratio" targets.
Re-design jobs so that some workers can be shifted to exempt status (saving overtime costs).
Force people to take unused vacation to cut costs (due to accounting rules).
Benchmark other "low headcount ratio" firms to see what tools and strategies others have used successfully.

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