Retail giants Walmart (WMT), Amazon (AMZN), and CVS (CVS) are posting hundreds of thousands of new jobs to keep up with coronavirus-related demand, though historical and current data show they’re an exception to the rule.
“Large companies tend to lay off more workers in a recession than smaller companies do,” online employment marketplace ZipRecruiter labor economist Julia Pollak told Yahoo Finance’s On The Move on Tuesday. “Small companies are lean. They really don’t have much fat to trim, but large companies can often lay off hundreds, sometimes thousands of workers at a time during a recession.”
View photosA flight attendant, cabin crew of Aegean Airlines wearing protective mask and gloves as a preventive measure against the spread of the COVID-19 at Athens International Airport ATH LGAV