Facebook survey: COVID-19 devastating small businesses – one-third won’t reopen


More than half of small and medium-sized businesses that shut down say they won’t rehire same workers, according to a survey compiled by Facebook.

About a third of closed businesses surveyed said they do not expect to reopen, with many citing an inability to pay bills or rent.

The report indicates that an economic recovery could still be a long slog after businesses are allowed to reopen.