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34 <br /> DRAFT <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 /> Percentage of Employers that Reduced Employees <br /> Y res ­4411 <br /> No <br /> 13 <br />