Cashflow is precarious not least because of the high cost of retrenchment packages and the need to re-hire expertise at increased rates. Ask anyone who has tried to change the way their organizations do business why it hasn't worked. There's almost no doubt they will say - the people factor. Many managers don't understand that increasingly human capacity to absorb and implement change is the major risk management factor whether you want to introduce a new strategic vision, improve customer satisfaction, restructure or deliver a new product or service. Successful change implementers take the time to plan every facet of the change project especially the people strategy.
Nothing is left to chance.
Until these questions are clearly and fully addressed, don't even think about implementing the change. I guarantee that Murphy will visit and he'll be the least of your troubles. When you've got the answers, there are two major strategies that need to run in parallel. One is to plan the change and its implementation. The other is to prepare your people for the changes that are about to happen.