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My firm pays staff & seniors hourly, with 1.5x pay for overtime. Firm just cut our hours from the normal 58-60 down to 40 a week for the foreseeable future. Should I be concerned about layoffs?

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works at

They're doing that to avoid layoffs for as long as possible. Consider it a gift

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Be realistic - Yes, you should be concerned about layoffs. Unless you know that your company has a significant amount of FCF in reserve and open credit lines, it’s business could be in jeopardy in these uncertain times.

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A lot of this could be in part to the extended due dates and clients not being able to provide you information right now. No need to schedule people for 60 hours when there’s only 40 hours of work. Wouldn’t surprise me if it picks up in July (if the due date isn’t further extended).

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What firm do u work for?

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Small public accounting firm in VA. Don’t want to disclose since it’s so small my co-workers might be able to figure out who I am.

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