This distinction was highlighted recently in Singapore when DBS bank, using the logic of cost-cutting as seen from the managerial role, unexpectedly announced a large layoff in response to the worsening situation in the banking sector. A senior government official (among others) chastised the bank for not seeking all means possible to reduce costs before resorting layoffs (e.g., reduced pay, reduced work hours). The official indicated that there would be new "guidelines" about the proper procedures that employers should follow prior to announcing and implementing layoffs. The government's response demonstrates the logic of the administrative rather than the managerial role. This logic was further in evidence in an article by the CEO of a prominent real estate company. He indicated that he would implement pay cuts within his organization rather than layoffs, with the largest percentage of cuts coming from the most senior levels. This "downtime brought on by the global recession was viewed as an opportunity to upgrade the skills of employees. He considered avoiding layoffs a way of maintaining and building capability and future loyalty that would pay off in increased competitiveness.