Layoffs because of the global coronavirus crisis have already begun in states across the U.S. Experts have warned that job losses in the U.S. — particularly in the leisure, hospitality, retail, and food and beverage industries — may become more widespread if the crisis continues to worsen. Dozens of employees for the South by Southwest festival also lost their jobs after the event was canceled over coronavirus fears. While U.S. airlines have yet to announce any layoffs, some have already instituted cost-cutting measures. The index dropped at least 20% from its recent peak as coronavirus continues to whiplash investors.

Source: Huffington Post March 12, 2020 11:15 UTC