Small Business Layoffs Surge Over 1,000 Percent In March

Businesses employing 25 to 49 workers saw the biggest surge in layoffs, while those employing 1 to 4 workers the lowest

Visitors to the New York State Department of Labor are turned away at the door by personnel due to closures over CCP virus concerns in New York on March 18, 2020. John Minchillo/AP Photo

In yet another symptom of the CCP virus-driven economic rout, layoffs at small businesses with fewer than 49 employees jumped by 1,136 percent month-over-month, according to a payroll processing company report.

“The COVID-19 pandemic and the necessary government actions to reduce the spread of the virus have significantly impacted businesses across the country,” wrote Daniel Sternberg, head of data science at Gusto, in the Wednesday report.