In the span of what feels like 2 seconds, we’ve gone from talking about how to recruit when unemployment is at a low not seen in decades to dealing with the possibility of mass layoffs.
Employers are working to find ways to weather this unprecedented situation. Some are reducing their workforce. Others are trying to furlough employees to get through the coming weeks or months and hopefully get back to normal as soon as they can. Still others are trying to cut pay or hours to keep as many people on staff as possible. Many are trying a combination of the above.