In this regard, consultancy firm Challenger, Gray and Christmas analyzed the industries that are conducting the most job cuts. In their report, they found March job cuts totaling at 222,000 – up from just 56,000 in February. This indicates that the first quarter of 2020 saw 347,000 of layoffs – up from 190,000 recorded in the same quarter of 2019.
According to their report, the entertainment and leisure industry saw the most layoffs – 37% or 83,000 employees. Of course, this doesn’t come as a surprise since tourism and entertainment venues such as cinemas, concert halls, amusement parks, malls, and restaurants have been closed for some time.
The National Association of Theatre Owners have also requested the government’s assistance during these testing times.Other industries that were forced to let go off their workers included services, automotive, and non-profit organizations.
Infographic by: www.statista.com