One small firm in three around the world was obliged to cut jobs to stay open through the coronavirus pandemic in May.
was obliged to cut jobs to stay open through the coronavirus pandemic in May, a survey showed, underlining how hard the outbreak has slammed the world economy.
Out of the businesses that remained operational when the survey was conducted, on May 28-31, nearly two in three cited lower sales in the previous 30 days compared with the same time a year earlier. "The COVID-19 pandemic isn't just a public health emergency; it's also an economic crisis that is hitting small and medium-sized businesses exceptionally hard," according to the report.with a business page on Facebook were surveyed in the first of a series of six-monthly data collections aimed at examining the impact of the pandemic on smaller enterprises.
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