(no title)
geori
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5 years ago
Anecdotally: I'm CTO at a custom apparel manufacturer. Demand plummeted for events and foot traffic at our customer's stores died, so nobody is buying high end suits. Our revenue is now 20% of what it was back in January. We got our PPP loans, so we kept everyone in the USA employed, but had to cut all salaries above $50k by 25%. And we will probably have to have a second round of cuts and have some layoffs in June.
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