Furlough news and trends

Why Larger Firms May Soon Face The Same (Cash) Pressures As Main Street SMBs
Loans // May 11, 2020

The conventional wisdom may be that larger firms — especially public ones — are able to weather the economic storm more adroitly than smaller brethren. To a certain extent, that’s true.  The situation facing the smallest firms on Main Street is dire, even with funding from...

CVS Teams With Companies To Hire 50,000 Displaced Workers
Coronavirus // April 15, 2020

CVS is making strides to help re-employ the huge chunks of U.S. workers left jobless as the coronavirus shut everything down, and it intends to fill 50,000 positions by using the industries hit the hardest by layoffs, according to The Wall Street Journal. To do...

Dick’s Sporting Goods Puts Staffers On Leave Amid COVID-19
Retail // April 08, 2020

Amid the coronavirus pandemic, Dick’s Sporting Goods is putting many of its approximately 40,000 staffers on leave, but affected team members will keep receiving benefits. The sporting goods retailer said in a regulatory document that it is “increasingly evident” that its over 800 retail locations won’t open...

Extra Federal Benefits Ease Layoff Decisions For Employers
Coronavirus // April 07, 2020

Some employers are breathing a sigh of relief, noting that their laid-off workers are much better off financially amid the economic dive of the COVID-19 pandemic. According to a report by The Wall Street Journal, the recently signed stimulus package provides laid-off workers with an...

Interviews & Exclusives
Why Larger Firms May Soon Face The Same (Cash) Pressures As Main Street SMBs

May 11, 2020
The conventional wisdom may be that larger firms — especially public ones — are able to weather the economic storm more adroitly than smaller brethren. To a certain extent, that’s true.  The situation facing the smallest firms on Main Street is dire, even with funding from the Paycheck Protection Program in hand. As reported in this […]

Quick Reads
Poll: Almost Half Of Those Laid Off Doubt Jobs Will Return

August 03, 2020
Almost half of furloughed workers in the U.S. don’t believe their jobs are coming back, according to a report from CNBC citing a poll from The Associated Press-NORC Center for Public Affairs Research. The number has been growing grimmer since the surveys started. In April, only 2 out of every 10 households said they were […]

CVS Teams With Companies To Hire 50,000 Displaced Workers

April 15, 2020
CVS is making strides to help re-employ the huge chunks of U.S. workers left jobless as the coronavirus shut everything down, and it intends to fill 50,000 positions by using...

Dick’s Sporting Goods Puts Staffers On Leave Amid COVID-19

April 08, 2020
Amid the coronavirus pandemic, Dick’s Sporting Goods is putting many of its approximately 40,000 staffers on leave, but affected team members will keep receiving benefits. The sporting goods retailer said in a...

Extra Federal Benefits Ease Layoff Decisions For Employers

April 07, 2020
Some employers are breathing a sigh of relief, noting that their laid-off workers are much better off financially amid the economic dive of the COVID-19 pandemic. According to a report...