COVID-19: Business Closings And Layoffs

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U.S. President Donald Trump

Approximately 28 million small businesses are currently operating throughout the United States. The recent coronavirus pandemic may be the tipping point for thousands of those businesses, especially those in the hospitality industry. State and local officials are calling on nonessential businesses, like restaurants, movie cinemas, pubs, gyms, museums, recreation centers, hair salons, casinos, bowling alleys, and pool halls, to temporarily close to help prevent further spread of COVID-19.

U.S. President Donald Trump

Until the coronavirus pandemic entered the equation, many small businesses were struggling to stay open due to limited available talent, continuously changing governmental regulations, the minimum wage hike, and strong competition.

Before COVID-19, small business owners have admitted to losing money for one reason or another. With the disease in full-force, the outlook on small businesses is grim. It is questionable if all the impacted businesses will have the means to reopen.

There are many benefits of working for a small business. Some of those benefits include increased flexibility, stronger employee-employer relationships, more ability to work independently, less red tape, better working environments, and more visibility.

During the Great Recession (early 2008 and 2010), approximately 200,000 small businesses disappeared. Even Obama’s fiscal stimulus the “American Recovery and Reinvestment Act of 2009” was not enough to help.

The Trump Administration took similar actions earlier in March, authorizing an additional $50 billion in disaster loans to coronavirus-impacted small businesses. Each small business could qualify for a loan of up to $2 million. To qualify, the small business must be registered with the Federal Emergency Management Agency (FEMA) and located in a declared disaster area. Repayment terms are available up to 30 years on some loans.

 

Hotel Layoffs

  • Sheraton Indianapolis at Keystone Crossing – 8787 Keystone Crossing Indianapolis, Indiana – 65

 

  • Ceres Enterprises (Cambria Hotel) – 13500 Tegler Drive Noblesville, Indiana
  • Ceres Enterprises (Cambria Hotel) – 18592 Carousel Lane Westfield, Indiana (65 workers combined)

 

  • Embassy Suites Dublin – 5100 Upper Metro Place Dublin, Ohio – 77 workers

 

  • Workers at Trump’s hotels have been laid off. This includes 160 in Washington, DC. 51 in New York City and an unknown number of workers in Las Vegas, Nevada.

 

  • Marriott International will be furloughing tens of thousands of hotel workers. Some of those workers will be laid off.

 

  • Pebblebrook Hotel Trust owns 54 workers and will be laying off half of its 8,000 workforce. It may lay off an additional 2,000 in the future.

 

Manufacturing Layoffs

  • Wayzata Home Products – 4971 Western Avenue Connersville, Indiana – 165 workers

 

  • Totally Promotional – 450 S Second ST Coldwater, Ohio
  • Totally Promotional – 110 Pearl Street Area B51 Coldwater, Ohio (150 workers combined)

 

  • Ultra Premium Services – 6880 Parkway Dr. Brookfield Township, Ohio – 121 workers

 

Restaurants And Bar Layoffs

  • Punch Bowl Social – 120 S Meridian Street Indianapolis, Indiana – 91 workers
  • Punch Bowl Social – 1086 W 11th Street Cleveland, Ohio – 102 workers
  • Punch Bowl Social – 1122 N Vel R. Phillips Ave. Milwaukee, Wisconsin – 91 workers
  • Punch Bowl Social – 340 SW Morrison Street Suite 4305 Portland, Oregon – 83 workers

 

  • Firebirds Wood Fired Grill – 8760 Sancus Blvd Columbus, Ohio
  • Firebirds 5555 Youngston-Warren Road Unit 696 Niles, Oio
  • Firebirds 3500 Rigby Road, Miamisburg, Ohio
  • Firebirds 5075 Deerfield Boulevard Mason, Ohio
  • Firebirds 211 Park Ave Suite 109 Orange Village, Ohio (410 combined workers)

 

  • Sub-Zero Group Inc. – 6061 Basswood Drive Fitchburg, Wisconsin
  • Wolf Appliance Inc. – 2866 Bud’s Drive Fitchburg, Wisconsin (1043 combined workers)

 

  • Elmer’s Restaurants – 11310 SE Mill Plain Road Vancouver, Washington – 29 workers
  • 7427 S Hosmer Tacoma, Washington – 28 workers
  • 760 N Liberty Street Poulsbo, Washington – 26 workers
  • 1250 NW Waterhouse Avenue Beaverton, Oregon – 30 workers
  • 9848 N Whitaker Road Portland, Oregon – 48 workers
  • 1590 NE Burnside Gresham, Oregon – 32 workers
  • 9660 SE Stark Street Portland, Oregon – 59 workers
  • 10001 NE Sandy Boulevard Portland Oregon – 38 workers
  • 1933 NE 181st Avenue Portland, Oregon – 27 workers
  • 14055 SW Pacific Hwy Tigard, Oregon – 35 workers
  • 255 N Arney Road Woodburn Oregon – 27 workers (379 combined workers)

 

  • 181 Cabrini – 854 W 181st Street New York, New York
  • Buddha Beer Bar – 4476 Broadway New York, New York
  • Buddha Taco Bar – 3628 Broadway New York, New York (About 50 workers combined)

 

  • Chef Art Smith’s Homecomin’ – 1602 East Buena Vista Drive Orlando, Florida

 

  • Cameron Mitchell closed all 36 restaurants in 12 states laying off 4,500 workers
  • Cameron Mitchell’s sister company closed 23 Rusty Bucket restaurants laying off 1,300 workers

 

  • OTG staffs restaurants and stores in John F. Kennedy International Airport, Newark International Airport, and LaGuardia International Airport. The company laid off over 1,200 workers.

 

  • Bon Appétit Management Company employes retail dining works at Penn. It will lay off its roughly 140-person staff before the month ends. Workers will not be paid for the remainder of the semester.

 

  • Union Square Hospitality Group will lay off 80% of its workforce or 3,000 people.

 

  • The Washington D.C. chain Compass Coffee will lay off 80% of its staff or 150 of 189 employees.

 

  • DC-based restaurant group Eatwell DC laid off 160 workers.

 

  • Seattle-based restaurant services provider HMSHost announced it would lay off 200 workers.

 

Other Layoffs

 

  • Tower Clock Eye Center – 1087 W Mason Street Greenway, Wisconsin
  • 1077 West Mason Street Green Bay, Wisconsin
  • 310 West Walnut Street Green Bay, Wisconsin
  • 229 E Green Bay Street Shawano, Wisconsin
  • 820 Arbutus Avenue Oconto, Wisconsin
  • 2300 Western Avenue Manitowoc, Wisconsin (75 workers combined)

 

  • Powell’s City of Books – 7 NW 9th Ave Portland, Oregon
  • 1005 W Burnside Portland, Oregon
  • 3415 SW Cedar Hills Boulevard Beaverton, Oregon
  • 3723 SW Hawthorne Boulevard Portland, Oregon
  • 3747 SW Hawthorne Boulevard Portland, Oregon
  • 7000 NE Airport Way Portland, Oregon
  • 2720 NW 29th Avenue Portland, Oregon (389 combined workers)

 

  • Splitsville Luxury Lanes – 1494 East Buena Vista Drive Lake Buena Vista, Florida

 

  • Airport Concessions Group – 2100 NW 42nd Avenue Miami, Florida – 74 workers

 

  • Global Miami Joint Venture – 2100 NW 42nd Miami, Florida – 684 workers

 

  • OSM Aviation – 915 Middle River Drive Suite 408 Fort Lauderdale, Florida – 160 workers

 

  • Four Sons Brewing – 18421 Gothard Street Suite 100 Huntington Beach, California – 13 workers

 

  • Feld Entertainment whose current productions include Monster Jam, Monster Energy AMA Supercross, Disney on Ice, Disney Live, Marvel Universe Live, and Jurassic World Live Tour shut down all tours and is laying off staff across the company. Number of impacted workers has not been revealed.

 

  • Oglebay Resort And Conference Center laid off 58 full-time employees and all part-time workers.

 

  • 100 employees were laid off at Hollywood talent agency Paradigm. Payroll was reduced for the remaining 500 workers.

 

  • Air Canada announced it would lay off 5,100 employees.

 

  • Circus producer Cirque du Soleil is set to lay off 95% of its staff or 4,679 people.

 

  • The Metropolitan Opera – Furloughed all union employees and canceled the rest of the season.

 

  • International Alliance of Theatrical Stage Employees has estimated that 120,00 jobs would be eliminated among film workers.

 

  • New York City book retailer McNally Jackson laid off employees at its four locations with the intention of hiring them back “as soon as we can”.

 

  • Entertainment company The Circuit of the Americans laid off an undisclosed number of workers.
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