While global economic activity has picked up since the onset of the COVID-19 pandemic, there’s still a long way to go. A recent World Economic Forum report predicts the current recession could last through late 2022, with the recovery hinging on the arrival of a vaccine (Source: World Economic Forum, 2020).
Surviving a recession requires companies to make difficult decisions, and executives will lean heavily on their HR departments for business continuity planning in the months ahead. Disney recently became the latest Fortune 500 firm to announce massive layoffs, and more will likely follow suit (Source: CNN.com, 2020). If