If 2021 has more job layoffs are stay at home workers more or less likely to get cut? (percentage, company)

[jonbenson]

If 2021 has more job layoffs are stay at home workers more or less likely to get cut?

[mathjak107]

just as likely

[Hemlock140]

People that are currently working from home are less likely to be laid off because their employers are still doing well. In my area, for example, many work for Amazon, Costco Corporate, Microsoft, and Tableau. Those are all business as usual. Others working from home are educators, and they are still needed to keep the kids learning, in fact they tend to work more hours than when in the classroom.

[mathjak107]

Many still working are only still working so many employers can skirt the 60 day warning they need to have to give for mass layoffs under the warn act .

They are required to maintain a certain ratio of those terminated vs those working so they don’t need to give two months notice ...so many major corporations are doing this ..once they terminate the bulk ,those kept to beef up the numbers of those employed vs terminated will be terminated as well.

Most major corporations have been preparing for a work force reduction of 25-40%but trying to stage it to avoid first having to give two months notice when employees are reclassified from furloughed to terminated.

This is a very complex game being played with hundreds of thousands of workers.

It all stems from the fact the warn act says that employees must be reclassified after being furloughed for 6 months to terminated .....they must be given an additional 60 days notice if the ratio drops below a certain number between working and terminated

So big employers play games to keep the ratio from requiring the extra 60 days

[1ondoner]

Initial unemployment claims are stubbornly high so I would imagine the dislocations due to covid are still on-going. By now, everyone knows people who are still getting impacted. Hopefully, the vaccine news will put a break to the downward spiral.

[mathjak107]

The paper work to start large scale terminations is only starting to work its way through the legal paths needed ...what we saw is only the tip of the iceberg

[johngolf]

Originally Posted by mathjak107

The paper work to start large scale terminations is only starting to work its way through the legal paths needed ...what we saw is only the tip of the iceberg

Unless a cure/control comes about within 90 days, I agree with you otherwise there could be a bloodbath after the 1st of the year and I am the optimist.

Also even if things work out, there is going to be more shifting toward online shopping (less brick and mortar stores) especially as more and more people are taking to online shopping. I can see small brick and mortar stores displaying samples to feel and maybe even try on, but that store then having you place the order there and then for home delivery. Stores with no, or very little, actual in store inventory.

[BobNJ1960]

The face-face occupations (retail, restaurants, bars, hotels, gyms, clubs) face the largest layoffs. That will increase in 2021.

Airlines also in Q1 2021 will , no doubt, lay off a large percentage of their workforce.

[mojo101]

casinos too,if they have not already.
Airport workers and airport eateries .
Limo,Taxi drivers who take travellers to and from airport,including the LYFT and Uber drivers.
But some are now delivering packages like BlueCARE eXPRESS.
bUT PEOPLE are going to spend less,I have not seen my dentist for almost a year now,my regular hair stylist ,my eye doctor and my GP for regular checkup,I dont need new clothes or shoes,

[sammy87]

I think layoffs will happen for those in the really affected industries.

I work in a tech/service company in oil and gas and we cut about 15%. We are also projecting growth for 21 and we really cant cut many more. If we did we really couldn't grow.