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DRAFT <br /> <br />13 <br /> <br />operations modification experienced revenue losses of 20% or more, and about an equal number (20) <br />that used the same approach noted revenue increases of 20% or more. <br />Impact on Employment <br />In response to declining revenues and increased uncertainty, forty-two percent (42%) of the survey <br />respondents reduced payroll expenses through furloughs and/or layoffs. Each method was used in <br />approximately equal proportion, although more part time employees were furloughed instead of being <br />laid off. <br />Consistent with the small business profile of the respondents, those furloughs and layoffs largely <br />involved five or fewer employees. Thirty percent (30%) of the firms reporting furloughs furloughed one <br />employee, and seventy percent (70%) furloughed five or fewer employees. Forty two (42) businesses or <br />thirty percent (30%) also reported recalling one or more furloughed employees between March and <br />August of 2020. <br />Of the firms reporting layoffs, twenty-eight percent (28%) laid off one employee, and sixty percent (60%) <br />laid off five or fewer employees. <br /> <br /> <br /> <br /> <br />No <br />58% <br />Yes <br />42% <br />Percentage of Employers that Reduced Employees <br />34