April 15, 2020
We’re sitting at the highest level of joblessness since the Great Depression. Over 16 million Americans have filed for unemployment thus far, and even if claims slow, it’s possible that more than 20 million jobs will be lost. Many businesses will have to scale or shut down operations, but there are notable efforts from the jumbo employer space to financially stabilize their workforce, support small businesses and inject capital into the market.
Here’s a snapshot of how these companies are responding to the coronavirus.