During the current coronavirus crisis, employers have had to respond quickly to the uncertain future of the economy, with many putting in place wage cuts or making the decision to furlough staff in order to protect the future of the company and jobs.
For example, US department store Macy’s recently furloughed the majority of its 125,000 staff members, while CEO of the media company BuzzFeed, Jonah Peretti, revealed he would not take home a salary until the pandemic had blown over.
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