- Jul 22, 2003
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?
Software development?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.
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?