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April 15, 2020

Coronavirus layoffs expected by almost half of companies

By Ellen Daniel

Layoffs in response to the economic downturn caused by the Covid-19 coronavirus are either expected or have begun happening at 44% of companies, according to a survey conducted by Verdict.

The survey was answered by 1,136 of Verdict readers, who primarily are from the US, the UK, India and Canada, and who primarily work in technology, finance and related industries.

The survey, which ran from 25 March to 15 April on our website, found that 24% of respondents expected their company to conduct layoffs as a result of the coronavirus, while 20% said this had already begun to happen.

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