I know the problem well. I wince even thinking about it
In the cyclical 70’s construction business there was no winning course. You let go the employees they were gone when you needed them. You kept them on (as I did) you lost your shirt.
We all made do, but didn’t make a lot of money.
I’m older and wiser and have downsized to just me. (and my computer)
I don't hire, I just engage the services of a couple of very trusted and well-paid subcontractors.
In the long run, I think we are all better off with that arrangement.