Nearly half of all U.S. small businesses have let go of employees because of COVID
New data from SCORE shows that a staggering 47% of small businesses in the United States have furloughed, temporarily laid off, or outright fired employees in response to complications brought about by the coronavirus outbreak. Another 35% of small businesses reported that they’ve had to reduce employee hours or pay.
Surprisingly enough, 3% of small businesses have actually hired employees during the pandemic. And 15% of small businesses have scaled up their plans between March and April. It’s not all gloomy news after all!
Get the full scoop here.