46% of AV providers responding to an AVIXA COVID-19 impact report survey say that they have applied for government support, with 39% of respondent companies operating from cash reserves as the COVID-19 pandemic maintains a stranglehold on both the AV industry and the world.
This week’s AVIXA survey also states that 17% of international respondents have had to lay off or furlough more than half of their staff, with 22% of respondents reporting an 11-20% layoff/furloughing of staff, indicating that the impact on individual businesses is varied and irregular.
One respondent was quoted in the report as saying: “As many as possible are working from home. There have been both furloughs and people laid off, which is to be expected. They have also asked us to look at possibly taking PTO (paid time off), if feasible, since when jobs ramp up again, we probably won't have that luxury.”