My company, an experiencial ad agency, furloughed all but 2 people in every non-finance Dept March 23, rehires everyone with big paycuts (me, 37% cut) April 27

My company, an experiencial ad agency, furloughed all but 2 people in every non-finance Dept March 23, rehires everyone with big paycuts (me, 37% cut) April 27 through PPP. No new business was able to be drummed up and now massive lay offs of 90% of the US offices starting June 15 with a paycheck severance so effectively June 30. The EU offices have faired better with more work, and few layoffs of only receptionists. All and all it’s bleak for the events industry. I’m sure that a lot of convention centers, caterers, AV rental houses, independent producers, PAs, will all be on the dole and you’ll see a huge spike in unemployment on Aug 1.