‘A Band-Aid on a bullet wound’: Workers are getting laid off anew as PPP runs out (Washington Post)

Washington Post: ‘A Band-Aid on a bullet wound’: Workers are getting laid off anew as PPP runs out. “The phone stopped ringing at the Nelsons’ auto-body shop in Broomfield, Colo., in March. The normal four-to-six-week wait for customers looking to have dents or bumps fixed on their cars disappeared, leaving the shop silent. Tammy Nelson and her husband, Scott, applied in April for a loan from the Paycheck Protection Program — the federal government’s chaotic $660 billion aid program meant to help businesses and their workers stay afloat. But the PPP loan had only delayed the inevitable — the phone didn’t start ringing again amid the surging pandemic. Nelson laid off her five employees at the end of June, including herself and her husband. They are among the first wave of PPP layoffs happening across the country, as the loan program begins to expire.”

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.