What do you all think will be the net impact of our clients losing so much money? Odds of consulting layoffs? More demand for services to recover but fewer dollars to pay for it...

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In utilities, people being home all day means they are using more energy, so my clients will be making more money.

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Unfortunately layoffs will be inevitable, it’s the logical conclusion you come to when you play out the far reaching impact. Just have your home and finances in order and you’ll be fine. Sounds like Wuhan is already getting back to normal so expect US and Europe will be in the same position a few months from now. It’s just going to get real ugly for a little while. Good luck!

Honestly at this point in time the US is way ahead of other countries in shutting down mass gatherings. I wasn’t expecting it that quick.

Depends of the length of downturn. If things go sour until June / July, you will see layoffs. Right now I can see bonus getting slashed. Next step would be slowing hiring. Then firing low performers. Then cutting down significantly.

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