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Wednesday, August 19, 2020

Many Companies Turning Temporary Furloughs Into Permanent Layoffs

In yet another sign that the economy isn’t poised for a quick bounceback even if researchers produce an effective COVID-19 vaccine, many companies are considering permanently laying off furloughed workers and taking other steps to make cost-cutting measures permanent. Many companies beat earnings expectations in Q2. According to CNBC, the average company outperformed analyst estimates […]

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