A Second Wave Of Layoffs Is Coming As Lockdowns Persist

A Second Wave Of Layoffs Is Coming As Lockdowns Persist

A Modell's Sporting Goods store seen on July 24, 2020 in New York. If employees thought they had a ... [+] job once lockdowns ended, they were sorely mistaken. They will not compete for retail jobs with others in similar boats. (Photo by Rob Kim/Getty Images)





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And you thought the second wave of the coronavirus was nasty. Before the second wave has even hit first wave hot spots like New York, a second wave of layoffs is coming. Thank you, lockdown gurus!



A study by Daniel Alpert of Cornell University, the Job Quality Index and RIWI Corp. shows that another round of layoffs and furloughs is under way as Congress debates what to do about the phase four coronavirus relief plan. Alpert may be best known as leader of Westwood Capital, a well-known wealth management firm, and the author of "The Age of Oversupply: Confronting the Greatest Challenge to the Global Economy.“



The study, conducted from July 23 to August 1, showed that workers placed back on payrolls by employers after the first round of lockdowns are being laid off again.



The study was developed to test whether U.S. employees were vulnerable to business