Companies across Los Angeles say they have seen an 80 to 85% drop in business in the past six months as events, production and meetings fall off: "This was not on any of our business plans."
"This was not on any of our business plans. Terrorist attacks, stock crashes, all that stuff, we had a backup for 90 days to 120 days for our business, but not with things like a pandemic," says KLS Worldwide Chauffeured Services founder. On March 2, his company had booked 260 events for the year ; nearly all of those gigs have since been canceled. As a result, KLS has laid off 75% of its staff.
"All of the production, the award shows, all of that, has just come to a grinding halt," says Limousine Connection director of operations."Ninety percent of that has gone away." To save the business, Limousine Connection has transitioned to high-end medical work, driving people to dialysis and chemotherapy appointments.
Nigeria Nigeria Latest News, Nigeria Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: USATODAY - 🏆 100. / 63 Read more »
Source: Forbes - 🏆 394. / 53 Read more »