Consider eliminating all but those for a specific purpose. Don't bring people together just to have another meeting. Computer hardware and software rental, salaries and benefits, overhead and floor space can be more expensive than you think. Eliminate unproductive or unnecessary management personnel. If possible, consolidate two or more positions into one new position.
People are willing to take cuts to save jobs, if such plans are explained and implemented carefully.
Production Analyze all handling and storage to reduce broken or damaged stock, including raw, in-process and finished goods. Most industrial wastes can be recycled or sold rather than just used for landfill. Consider all major power uses. Critically review your materials handling practices. Use better methods, right height-of work stations, minimum movements and better location of machines and assembly parts to increase production.