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I'd be interested in an analysis of Layoffs vs. Furloughs. Layoffs being permanent job losses. Furloughs expecting to go back to work when the social restrict
by 11thEarlOfMar 7y ago
I'd be interested in an analysis of Layoffs vs. Furloughs.
Layoffs being permanent job losses.
Furloughs expecting to go back to work when the social restrictions are lifted.
A lot of these are people taking advantage of state unemployment insurance, but who expect to return to work in the next few months.
- SketchySeaBeast 7y agoYeah, I'm not personally aware of many layoffs, they are all furloughs.
- logicalmind 7y agoAnd the level beyond furloughs are paycuts. Many companies are doing fairly large paycuts (20% or more) in order to retain jobs.
- elicash 7y agoUnless small businesses know how long they'll be closed, I'd guess it's hard for them to know whether they'll survive. It's also unclear, once things open up again, whether people will spend like they used to or whether the loss of potential customers' paychecks will add to the pain of small businesses.