The global coronavirus pandemic is forcing corporate bosses to make critical decisions about their workers without knowing what might happen next The toll the new coronavirus has taken on an economy that was healthy at the start of March came into clear relief when the government said Thursday that 6.6 million Americans had applied for unemployment benefits the week before.
No one weeps for the corporate bosses behind the decisions to lay off many of those people, but these bosses are struggling as they make the toughest calls of their careers.
Marriott International Inc.’s CEO told analysts this surpasses the magnitude of 9/11 and the 2008 financial crisis combined.