Top 10 Businesses Adversely Impacted Due To Coronavirus

As we know, Many industries / businesses have been adversely impacted due to the spread of Coronavirus globally.
Now we will take a look which major business sectors are making too much losses and laying off employees.
#1. Malls and High Street Sector
As per Government order to keep social distancing and proposing 'Stay Home Stay Safe',
peoples are strictly restricted to go out for shopping, hanging our or dining out. All the malls which includes brand stores are closed and not making any business during shutdown resulting laying off employees.
#2. Restaurants and bars Sector
Announcement of lockdown to avoid public gathering, keeping social distancing results to restaurants and bars closed. Only those restaurants who manage to provide online food delivery are somehow manage to survive their business. Many employees in this sector lay off. Only groceries , pharmaceuticals and emergency services are open.
#3. Music Festivals Industry
Big events like Sunburn, DJ parties etc are completely HOLD up, since large number of audiences use to come in such events. Because of coronavirus peoples are now taking too much precautions not to attain such events at least up to few more months.
#4. Sports Events sector
Stadiums with full of crowd to watch matches won't be possible now unless coronavirus spread not stop. Relating to such sports events hotels,travels ground staffs peoples regular income stopped and badly affect this business. Tokyo Olympic 2020 postponed.
#5. Beauty parlour/service sector
Now people are not going to attain any public functions so they are not going parlour or salon for regular make up work. Peoples saving huge money but service provider are suffering with economic crises.
#6. Gym & Fitness sector
Peoples are preferring to work out at home itself and completely avoiding crowd work out place like gym & fitness centers. Keeping social distancing is the best way to avoid infection with coronavirus.
#7. Wedding & funeral Functions
Government proposing & ordering not to organised wedding or funeral functions if you are inviting N numbers of guests. In fact now public aware not get together and avoid such invitation too. So relating businesses like event management, catering, halls etc with their manpower facing huge commercial losses and loosing jobs.
#8. Multiplex, Theaters, Cinema, Museums sector
No outing for entertainment, avoid making crowd. Cinema theaters areas are always full of crowd. Government strictly instructed to closed all such places. The maintaining staff loosing jobs because company is not making money.
#9. Airlines & Travel agency
As domestic & International borders are sealed by many countries. So airlines industry is closed. Also people stopped travelling & preferably staying home only. These sector facing tremendous business loss. OYO- world's second largest hotel chain announcing huge employee lay off to cover their losses.
#10. Big factories/ Industries
Many giant factories where human interaction for goods production is necessity are making huge losses. Factory owners cutting down salaries of employee, additionally laying off many of their employees for cost cutting.

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