When I supervised a unit of 8, I told them no gift exchange. We went out for a Christmas lunch together, each paid their own and then I gave them the rest of the afternoon off. This was much more appreciated than trying to come up with gifts for everyone. Never got into trouble from the higher ups for this either. I also stopped exchanging gifts with my senior friends. We decided the limited funds we had were to be used for our grandkids. I love it, no stuff I don't need and no stress finding stuff they don't need. I am retired now and we do try to get together for a lunch where we each pay our own and enjoy each others company. That is a great gift to me.