Poll

Have you been furloughed or lost massive revenue during this pandemic?

Yes
2 (3.9%)
No
44 (86.3%)
Kinda
5 (9.8%)

Total Members Voted: 51

Author Topic: Have you been furloughed or loss massive revenue during this pandemic?  (Read 17999 times)

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Offline Phil Titola

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Hotel industry is absolutely mumped right now but for some reason, my company keeps paying me and has only done paycuts.  I expect that to change pretty soon.

95% of hospitality people I know are furloughed and 4% are at about 20% of their pay. You are truly the 1%

I have a more corporate position and am with a company that franchises far more than manages properties.  It has saved a lot of people in our company for the time being.  Pretty much all my friends/former coworkers at properties are gone.

I'm pretty pessimistic about the rebound of hospitality.  I hope those I know who are mostly in sales can get back in late summer and start the rebound.

It's going to be challenging for sure.  I know bigger convention destinations, Vegas in particular, are worried that they will never fully recover to what they were.  The thought is that even the biggest conventions will be 20% smaller.  Some people aren't going to feel comfortable travelling for a long time.  A lot of companies aren't going to have the same budgets to put people on the road once it's safe again and some are figuring out that they can do some of the same things remotely.

China hotel numbers came back to about 70% of where they were after 3 months, which would put us on track for mid-June if we discount a billion other variables.

Yeah, this.

This exact thing was said after 9/11.  In-person conferences aren't going away.  2020 is basically shot though

I didn’t even have a cell phone 01.  Now my cellphone can do what a super computer could do.

Don't underestimate the power of junkets.

Offline ben ji

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Welp, just got off the phone with my bossman and he gave me the heads up our company is laying off 15% of our workforce this morning (I am safe for now). I don't envy his position of having to call up people and let them know they are laid off but he shot it straight with me.

We are a young company and were staffed at a level to handle our projected growth which obviously is not happening due to the whole pandemic thing. Last week was our lowest level of volume since the week of christmas and no one has any idea what will happen over the next couple of months so we are making small cuts now to entrench ourselves and hopefully avoid further layoffs down the line.

I get it but dam, hearing him list off the people we had to let go was a gut punch.  :frown:

Offline michigancat

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Welp, just got off the phone with my bossman and he gave me the heads up our company is laying off 15% of our workforce this morning (I am safe for now). I don't envy his position of having to call up people and let them know they are laid off but he shot it straight with me.

We are a young company and were staffed at a level to handle our projected growth which obviously is not happening due to the whole pandemic thing. Last week was our lowest level of volume since the week of christmas and no one has any idea what will happen over the next couple of months so we are making small cuts now to entrench ourselves and hopefully avoid further layoffs down the line.

I get it but dam, hearing him list off the people we had to let go was a gut punch.  :frown:

dang. I thought you were doing well?

that's really tough

Offline sonofdaxjones

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Imagine having a business in Oregon.


Offline ben ji

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Welp, just got off the phone with my bossman and he gave me the heads up our company is laying off 15% of our workforce this morning (I am safe for now). I don't envy his position of having to call up people and let them know they are laid off but he shot it straight with me.

We are a young company and were staffed at a level to handle our projected growth which obviously is not happening due to the whole pandemic thing. Last week was our lowest level of volume since the week of christmas and no one has any idea what will happen over the next couple of months so we are making small cuts now to entrench ourselves and hopefully avoid further layoffs down the line.

I get it but dam, hearing him list off the people we had to let go was a gut punch.  :frown:

dang. I thought you were doing well?

that's really tough

Personally I'm killing it and landed a whale of the customer who invoiced more in the month of April than all my other customers I've accumulated in 4 years.

Company wide we are still in a good situation but we are no longer projecting the growth that we were staffed to handle. My boss made a good point that even though the our numbers still look good who knows if we will actual get all of our invoices paid as some of our customers are more than likely going out of business. No one knows what is going to happen so we are digging in.

This whole past 2 months has been surreal, like a simulation that just keeps spinning you in circles.

Offline 8manpick

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If I understand right, the Payroll Protection loans require a company to keep at least the same headcount for the 2 month duration of payments. Guessing this means a significant second wave of layoffs from small companies in July?
:adios:

Offline michigancat

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Imagine having a business in Oregon.



I don't know what this is referencing

Offline Phil Titola

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If I understand right, the Payroll Protection loans require a company to keep at least the same headcount for the 2 month duration of payments. Guessing this means a significant second wave of layoffs from small companies in July?

They only have to keep up the headcount if they want the loan forgiven and can't apply for forgiveness until 8 weeks after they got the money.  If they don't, the company has to pay it back like a regular loan at 1% interest.

Definitely could be layoffs after those 8 weeks but hopefully at that time more of the economy is back up and running and hence jobs available.

Offline Institutional Control

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Trump wants a payroll tax cut.  That will really help out those not working.  :sdeek:

Offline 8manpick

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If I understand right, the Payroll Protection loans require a company to keep at least the same headcount for the 2 month duration of payments. Guessing this means a significant second wave of layoffs from small companies in July?

They only have to keep up the headcount if they want the loan forgiven and can't apply for forgiveness until 8 weeks after they got the money.  If they don't, the company has to pay it back like a regular loan at 1% interest.

Definitely could be layoffs after those 8 weeks but hopefully at that time more of the economy is back up and running and hence jobs available.
The 8 weeks is also the time that the money is supposed to cover.  The companies basically have to keep the people on payroll for that time, but after that, no incentive to.  It seems like it would be crazy for a business to cut headcount during that period so that they can pay back a loan at a low rate instead of having it forgiven entirely.  Obviously the calculus changes if the business can’t remain open.
:adios:

Offline 420seriouscat69

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Sorry to hear that, ben Ji.  :frown:

Offline star seed 7

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I think it's like 80 or 90 percent retention for loan forgiveness.
Hyperbolic partisan duplicitous hypocrite

Offline IPA4Me

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Trump wants a payroll tax cut.  That will really help out those not working.  :sdeek:
Supposed to encourage hiring. 6% higher wages to overcome the $1000 people can get on unemployment won't make that happen.

Offline ben ji

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Not trolling at all, my company just had it's best sales month in two years, construction seems unstoppable right now. I anticipated that people would start to pull back projects but it's been very minimal thus far.

I bet if you redid the poll now, you'd get different answers. My corporate peeps have almost all had temp salary reductions and/or layoffs to other workers. The service industry people I know were all doing it as a second job for spending money, so while they've been affected they still have income enough to get by.

Construction lags architecture.  Architecture has had a really bad couple of months for new billings.  We (eng.) haven't slowed down much yet, but I'm not optimistic.

HNTB laid off 15% of their Architecture staff last week according to a buddy of mine.

Offline 8manpick

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Mrs. 8mp started a new job in February.  Her company laid off 10% of workforce today, and 3 of the 10 in her department. She kept her job so far though.
:adios:

Offline ben ji

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My brother had been working music festivals setting up parking/event management stuff for the last couple of years so obviously he is out of work. Just so happens that one of his buddies from the music festival industry landed a road construction contract in Idaho to set up cones etc for highway construction work.

So he is leaving the cat ranch tomorrow and is going to work 60 hrs a week for $16 an hour plus overtime for the next three months which is good news.

Not sure why all the states aren't ramping up road construction while people are sheltering in place.


Offline steve dave

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Pro tip:


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Offline waks

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My brother had been working music festivals setting up parking/event management stuff for the last couple of years so obviously he is out of work. Just so happens that one of his buddies from the music festival industry landed a road construction contract in Idaho to set up cones etc for highway construction work.

So he is leaving the cat ranch tomorrow and is going to work 60 hrs a week for $16 an hour plus overtime for the next three months which is good news.

Not sure why all the states aren't ramping up road construction while people are sheltering in place.
Glad to hear he's doing alright. Was always amazed to hear the stories from him about the torment he endured from you throughout his youth.  :lol:

Offline ben ji

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My brother had been working music festivals setting up parking/event management stuff for the last couple of years so obviously he is out of work. Just so happens that one of his buddies from the music festival industry landed a road construction contract in Idaho to set up cones etc for highway construction work.

So he is leaving the cat ranch tomorrow and is going to work 60 hrs a week for $16 an hour plus overtime for the next three months which is good news.

Not sure why all the states aren't ramping up road construction while people are sheltering in place.
Glad to hear he's doing alright. Was always amazed to hear the stories from him about the torment he endured from you throughout his youth.  :lol:

O gawd, we have a much better relationship now but he was a crap head until my dad finally agreed to put him on adderall/ritalin. Like he had the record for most times getting sent to the principals office in elementary school.

One of my buddies had a younger brother the same age as my brother and they were buds in high school. I talked to their dad like 5 years ago and he gave the best 1 sentence description of my brother I have ever heard.

"I always thought he is either going to end up a millionaire or in jail"

No jail yet!

Offline Woogy

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Not me, but some WTF all over this. Not sure why no PPP, (or was that only for essential ops), and a really, really poor choice of a hill to die on by the county attorney (arrest warrant, really!?!)

https://www.kwch.com/content/news/McPherson-business-opens-business-early-owner-faces-charges-570347131.html

Offline michigancat

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Not me, but some WTF all over this. Not sure why no PPP, (or was that only for essential ops), and a really, really poor choice of a hill to die on by the county attorney (arrest warrant, really!?!)

https://www.kwch.com/content/news/McPherson-business-opens-business-early-owner-faces-charges-570347131.html

That router dangling by the cables stressed me out. Also yeah they should have gotten PPP and/or unemployment. Also I liked how they said they would wear masks but weren't wearing masks

Offline DaBigTrain

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Ugh. I’ve paid for countless meals for the people behind me in drive thru’s. Donated to locale charities. Several other things, and I still feel like a POS. I feel like garbage, guys.
"The Times 03/Jan/2009 Chancellor on brink of second bailout for banks"

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Offline Spracne

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Ugh. I’ve paid for countless meals for the people behind me in drive thru’s. Donated to locale charities. Several other things, and I still feel like a POS. I feel like garbage, guys.

Talk to a therapist. Seriously. Not a snarky remark, as attention to your mental health should be more widely espoused in America.

Offline Stevesie60

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I was furloughed and filed for unemployment, company confirmed it with the state, etc. Today I called, 4 weeks later, and was told that since I didn't file weekly unemployment claims that I can't get any of the money I was supposed to get over the past 4 weeks. That seems......like it can't be true. Can it? And if it is, what in the rough ridin' eff?

Offline 420seriouscat69

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JFC, that’s absolute horseshit! I’m sorry to hear that, bud. I don’t even know who to tell you to reach out to on this one. Did you hear anything back from them after your initial claim? I ask, because I didn’t, and the only reason why I knew to keep filing weekly is because of my Wife’s mom. There has to be a way they can fix this. There is an initial week grace period after your first claim.
« Last Edit: May 13, 2020, 03:59:42 PM by 420seriouscat69 »