Coronaviruses effecting businesses

[Chris Website URL Visit Site 𝕏 fmcj10 Instagram fmcj10]

I watched a video earlier on YouTube, it detailed how the WWE had released a lot of its talent and, backroom staff due to the issues caused by the Coronavirus.

Whilst in the long run, I think it will benefit them and perhaps AEW/TNA.

Right now, many businesses are taking the blow and, its putting people unfortunately out of work. I know some won't feel bad for a wrestler because of the money involved, yet some of these people have genuine injuries for doing the thing that they love. It's quite a bitter pill to swallow and, I think it will start causing issues with many other areas of entertainment.

Those who are self-employed especially.

[Feral Fox]

2 hours ago, Chris said:

I watched a video earlier on YouTube, it detailed how the WWE had released a lot of its talent and, backroom staff due to the issues caused by the Coronavirus.

Whilst in the long run, I think it will benefit them and perhaps AEW/TNA.

Right now, many businesses are taking the blow and, its putting people unfortunately out of work. I know some won't feel bad for a wrestler because of the money involved, yet some of these people have genuine injuries for doing the thing that they love. It's quite a bitter pill to swallow and, I think it will start causing issues with many other areas of entertainment.

Those who are self-employed especially.

A good friend of mine is heavily into the wwe stuff, so I take a passing interest to placate her.

Seems to me the decision to cut so many off the books now is purely down to protecting the bottom line. Working on the basis of no more live shows for the rest of 2020, WWE is still on course to make an operating revenue of $927 million, a record breaking year.

The television broadcasting deals pull in the most cash for them and in real terms, the releases are down to greediness rather than need. The tie ins with Trump worry me as well. McMahon is not a daft bloke. He knows how to protect his bottom line. Pure ruthlessness. Add into that the allowance to continue with live shows as essential viewing, even without the audience, smacks of favours from his best mate, Trump.

[Feral Fox]

And on a personal small business note... We need to keep the lockdown going until totally safe to lift. Doesn’t help the self employed though. We’re hitting the point soon where viability comes into question. We’ve managed on reduced money in so far, but if parents are only using us intermittently, then they will get to the point of not paying their full bill and we end up shutting. Understandable from their point of view because they are being asked to pay their normal fees and then hardly use us, but the other side is without their payments we shut totally and they lose a childminder. That’s a biggie for a lot as some serious trust goes into leaving your baby or child with a stranger. Parents don’t want to find a new minder when they’re settled. Plus 80% of childminders have closed for good and won’t reopen, so there will be future demand when the world is rolling again. It’s just getting to that point.

And don’t get me started on the HMRC self employed help. Nothing until June and then only a small percentage. Doesn’t match up to 80% furlough for employed!

[Joshua]

Knock on effect for a lot of businesses but some are offering good value to keep afloat which is good to see.

Regarding the WWE, I don't know how they can be classed as a vital business.

[thommo]

A lot of self employed people could end up ruined if nothing is done to help or assist them properly.

[AmericanPie]

It's a bad knock-on-effect for interdependently ran and small businesses, after it clears up shop local and make a difference.

[BromPie]

I am seeing a lot of my American and Australian friends complaining about the loss of trade and income, it's a troubling time.

[NottsTastic]

I think some football clubs will end up releasing a lot of their coaching staff and players, just like WWE have.

[CliftonMagpie]

Some companies are being forced to allow staff to go, my father has been made redundant recently and he had been promised to be protected.

[Countyman]

With football it could benefit some teams but largely impact others, with smaller clubs like Notts sales of merch is one asset that the club should be pushing.

[super_pie]

It is making a big impact on some business and some places might be forced to shut down