Monday, 6 April 2020

The Impact of Corona Virus on Technology.

The technology sector is currently feeling the hardest impact of Covid-19 , with companies closing offices, stores, and factories all over the world as well as restricting employees from nonessential travels. The closures, which were initially expected to last through the April , were soon extended.
Depending on the company, U.S. tech giants from Amazon to Cisco Systems are worried that national quarantines and a deteriorating business environment caused by the global coronavirus pandemic will lead to layoffs and loss of income.
Based on an emailed survey to tech company staffers hosted by Blind, 53.8% of employees at the big U.S. tech firms are concerned about job security. Some 62% think their total income is going to be negatively affected by the outbreak.