Layoffs accelerate as coronavirus disrupts American economy

[Yo_Mama_Been_Loggin]

For kitchen cabinet seller Wayzata Home Products, the coronavirus outbreak was the worst possible timing.

The Connersville, Indiana-based home improvement company ceased operations on Friday "due to significant and recent unforeseeable business circumstances, including the market and financial impact of the global spread of COVID-19," senior vice president Keith Hug told the state of Indiana in a letter.

Wayzata's abrupt closure, which Hug said came after investors lost confidence in the company's future, comes amid an expected wave of layoffs and job reductions tied to the coronavirus pandemic.

If the outbreak worsens, some 24% of employers plan to downsize, according to a survey of business owners conducted March 7-13 by investment bank UBS.

https://www.msn.com/en-us/money/companies/layoffs-accelerate-as-coronavirus-disrupts-american-economy/ar-BB11k7wB?li=BBnbfcN&ocid=hplocalnews

Everything Trump touches dies.

[uponit7771]

1. K&R, we could be returning to our lives in 2 weeks if we started out with unrestricted testing, ...

... isolation, hunkering down and cleaning.

[GreenPartyVoter]

2. The school gave the support staff the next two weeks. After that, unemployment, I guess.

Am very grateful that there’s one more paycheck than I expected.

[apcalc]

3. Heading toward a depression....

[Wellstone ruled]

4. Well it is offical.

All Casino's and Gaming Machine operations in Nevada are done as of Midnight tonight. So those with Reservations at any Nevada Gaming Property,for get about it. We are on lock down.

[cagefreesoylentgreen]

5. I assume this means gaming machines in non-casinos too

Like the ones in gas stations, the airport, and supermarkets. A silver lining is it’ll force gambling addicts to quit cold turkey.

[Wellstone ruled]

6. Yupper ,even the off strip machines.