24March 2020
Dining establishments, theater and sports arenas aren’t the only organizations
laying off workers and cutting hours as the coronavirus crushes the U.S. economy. Are law firms, marketing business, insurance companies and many other enterprises that may appear insulated from the more direct body blows of an outbreak that has set off the shutdown of public gathering areas throughout the nation.
The vast bulk of those affected are small businesses that do not have the cash or credit limit that can prop up airline companies and other large corporations for many months prior to they have to slash tasks. Companies with fewer than 500 workers comprise 47% of private-sector payrolls, according to the Small company and Entrepreneurship Council.
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