Staff have been asked to consider a range of options
Bosses at the famous Gleneagles Hotel have asked every member of staff to consider redundancy, early retirement or cutting their working hours.
Letters sent to employees at the five-star venue also suggested they think about taking extra unpaid leave.
The hotel has hosted Hollywood stars and world leaders but the global economic downturn has forced managers to relook at staffing levels.
A spokesman said they had not yet finalised redundancy numbers.
'Peaks and troughs'
He added it was early days and they had to wait to see what the response would be.
The spokesman said: "Like any other business in the current climate we are exploring options and looking at ways to protect the business and our workforce.
"There are certain peaks and troughs - we were full at the weekend but there will be periods to come like any business where demand will be lower."
The hotel employs between 700 and 800 staff at peak times, features three championship golf courses and its most expensive suites cost more than £1,800 a night.
Hollywood actor John Travolta is among the stars to have visited, and in 2005, world leaders met there for the G8 summit.