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We were considering laying off but quickly decided on pay cuts due to (what currently seems like!) the temporary nature of this and knowing that the relief bill

We were considering laying off but quickly decided on pay cuts due to (what currently seems like!) the temporary nature of this and knowing that the relief bill will come. Our projection is that the loan funds should arrive by the pay cycle after our upcoming one. Like the article and the parent comment mentions, laying off is a very significant and irreversible decision and at least in our case seemed too extreme.

divbzero 7y ago
This is exactly what the relief bill is aiming to accomplish: to bridge otherwise healthy businesses to the other side of the crisis without having to dismantle their teams now and painstakingly rebuild them afterwards. Hopefully many companies like yours can make this plan work out in reality.