Has your company been impacted by the coronavirus pandemic?

Has your company been impacted by the coronavirus pandemic?

  • Yes

    Votes: 83 91.2%
  • No

    Votes: 8 8.8%

  • Total voters
    91

rpm

Admin
Staff member
Joined
Jul 22, 2003
Messages
65,599
Has your company been impacted by the coronavirus pandemic? Do you think it will threaten salary increases, bonuses and potentially result in job cuts or salary cuts?
 

etienne_marais

Executive Member
Joined
Mar 16, 2008
Messages
7,142
Yes, in the usual manner that all employees are working from home (except me for an essential service) and that we have already been told to expect salary cuts.
 

Johnatan56

Honorary Master
Joined
Aug 23, 2013
Messages
26,552
Title and second question in OP are different.
Our company has been impacted, as should 99% of companies, since everyone is working from home, but otherwise revenue/profit wise, company is probably doing better than ever based on feedback.
Question is more, what industry do you work in, what industry is the company you work for and from there you can base if issues. Anything touching tourism is tanking for example, still wondering about banks as more people will take loans but more people will default.
 

Krilliano

Active Member
Joined
Aug 25, 2019
Messages
39
Construction industry. Salary cuts and retrenchments expected if the lockdown is extended. Retrenchments was already on the cards before the virus and lockdown.
 

powermzii

Expert Member
Joined
Jun 4, 2007
Messages
2,798
Everyone working from home, client projects taking longer to start / sign off and so the pipeline looks bleak. Projects that are underway have been requested to slow down
 

rpm

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Staff member
Joined
Jul 22, 2003
Messages
65,599
Everyone working from home, client projects taking longer to start / sign off and so the pipeline looks bleak. Projects that are underway have been requested to slow down.
Software development?

Interesting that clients request a slowdown. Is that because of cashflow problems from their side?
 

powermzii

Expert Member
Joined
Jun 4, 2007
Messages
2,798
Software development?

Interesting that clients request a slowdown. Is that because of cashflow problems from their side?
Consulting

Yeah a numb of the clients are having immediate CAPEX issues so requesting a slowdown / delay in starting
 

Magnum

Expert Member
Joined
Mar 12, 2013
Messages
4,230
We still getting paid full. waiting to see what is going on. We losing Big Bucks
 

adrcl

Active Member
Joined
Sep 27, 2019
Messages
58
They should give us an increase because it's even busier now
 

Alidaanandalej

New Member
Joined
Apr 6, 2020
Messages
1
im a one man business. My bisiness came to a standstill and my business is the only income I have. At the moment I have gone bankrupt. Cant pay rent, my bond, rates and taxes, water and lights or phone bill.
 

Packetstorm

Well-Known Member
Joined
Apr 1, 2020
Messages
409
working from home. cant say too much, my boss might be reading this. full pay end april minus annual leave. dunno whats gonna happen if they extend this lockdown.
 

Nemoneiros

Expert Member
Joined
Feb 14, 2012
Messages
2,394
Software development?

Interesting that clients request a slowdown. Is that because of cashflow problems from their side?
Actually had the same request from one client due to self-preservation.
 

Markd

Senior Member
Joined
Oct 8, 2009
Messages
881
Software development?

Interesting that clients request a slowdown. Is that because of cashflow problems from their side?
Most companies are going to put a freeze on anything other than critical projects in order to ensure they have as much cash on hand to deal with this situation. Just go and read the financial results of your favourite top 40 companies and you'll see that if they cant trade and generate revenue, they can't continue to honor their payments for more than 1-3 months. So why hand that cash over to a vendor when you can use it to pay reduced salaries to your staff?
 

gottagoon

Expert Member
Joined
Aug 15, 2019
Messages
2,842
Company closed. We all sitting at home. Don't know what the future holds. Times are tough.
 

Sensorei

Executive Member
Joined
Sep 15, 2008
Messages
5,239
My business can't operate. No income for myself or my wife while this lockdown lasts.
 
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