Weather Alert

55% of remaining businesses think COVID will kill them

NEW YORK CITY- MAY 12: People walk through a shuttered business district in Brooklyn on May 12, 2020 in New York City. Across America, people are reeling from the loss of jobs and incomes as unemployment soars to historical levels following the COVID-19 outbreak. While some states are beginning to re-open slowly, many business are struggling to find a profit with the news restrictions and a population that is fearful of the contagious virus. (Photo by Spencer Platt/Getty Images)

US small businesses have been hit hard by the response to COVID-19. And most of those still in operation say they worry about their ability to survive.

A Verizon business survey found that 55% of small businesses are concerned ongoing restrictions will make it difficult for them to continue financially.

Though, 72% do say they think they could hang on at least another six months.

Tens of thousands of small businesses have already shuttered.

How concerned are you that your employer might fold? Has there been communication to prepare for that possibility?

Are you actively looking for another job as a life preserver? Is it worth leaving for another job, not knowing if the new job will be solvent long term?



Connect With Us Listen To Us On