Small business layoffs may have hit bottom

  • 📰 CNBC
  • ⏱ Reading Time:
  • 8 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 7%
  • Publisher: 72%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

Layoffs leveled off in April, although furloughs mount as small businesses fight to survive. Overall, headcount among small businesses fell by 4.7% last month, according to payroll provider Gusto.

right now, Three Babes Bakeshop in San Francisco has been through it all. In early March, "we first started cutting hours and part-time workers and then all of our customers cancelled orders and we laid off 20 of 26 workers," said founder Lenore EstradaIn May, Estrada received a loan through the Paycheck Protection Program and has since rehired a few employees but the lack of public transportation and child care remain issues.

Small businesses in industries that were less affected by the crisis also made strides in April, including facilities, finance and consulting.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in ZA
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

This is the cost for having failed Trump University, failed Trump steaks, multiple bankruptcies with only one Bank who would do business with him as your leader. What the hell were you thinking?

Layoffs have hit bottom. Next will be the small businesses closing for good. No bottom in sight for that.

Just getting started

State and Local government layoffs are just beginning. GOP Do something!

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

As deadline looms, companies rush to return small business fundsThe attempt to discourage businesses from seeking the loans if they have access to other funding sources has angered some lawmakers.
Source: politico - 🏆 381. / 59 Read more »

Magic Johnson’s Life Insurance Company Reportedly Funding $100 Million In Small Business LoansFormer NBA all-star Magic Johnson said that his life insurance company will provide $100 million in funding for small women and minority-owned businesses by lisettevoytko lisettevoytko if shes like 5''1? lisettevoytko There was probably a better way to word this? lisettevoytko King
Source: Forbes - 🏆 394. / 53 Read more »