I think the absolute best thing any company can do right now, is invest some time and energy in employee training.
At first this might seem like the wrong time; given the prospect of even needing to forlough one or more of the attendees. However it is the perfect time to give them something to look forward to. Give them the opportunity to practice the new skills, hell turn all them lights off, and let them bask in the glow of monitors, and soak up some new knowledge. The jobs that were funded are still out there, the jobs that will be funded, are on the way. Use this time to good use, instead of pondering the possible, polish your skills and hone your craft. It will make you more competitive now, and in the future. It's sort of like a little thing the ocean taught me while trying to surf, rest between the sets so that you are strong enough to catch the next wave.