“Just this week, the first week that Payment Protection Program (PPP) loans are beginning to hit the original eight-week period for payback forgiveness, we are hearing of and discussing furloughs, layoffs, and terminations with client partners,” said Heather Eddy, President and CEO of KEES. “Whether you are a team of 500 or 50, losing 50 to 75 percent of your staff can have devastating effects, both in terms of work and output and emotional and cultural impact for the surviving team. It is not easy, and unfortunately, we are just seeing the next wave beginning this process. It’s going to get worse, before it gets better.” 

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