NYC Considers 22,000 Job Cuts to Save $1 Billion, Mayor Says

https://www.bloomberg.com/news/articles/2020-06-24/nyc-considers-22-000-layoffs-to-save-1-billion-de-blasio-says?utm_medium=social&cmpid=socialflow-twitter-business&utm_campaign=socialflow-organic&utm_content=business&utm_source=twitter

De Blasio presented a $95 billion budget in February. That was reduced to about $89 billion in April after the coronavirus outbreak. On Wednesday, he said the budget must be pared down to $87 billion, and the city needed to find about $1 billion more in savings. The city may have to lay off workers, de Blasio said, if the city doesn't get fiscal aid from Washington or state authority to borrow $7 billion."  - Bloomberg