How are federal layoffs impacting businesses beyond those directly affected by layoff notices?
The federal layoffs are creating significant downstream effects in communities like Ashburn, Virginia. While the primary focus has been on employees directly receiving layoff notices, there's a secondary impact on local businesses that support federal workers and contractors. These support businesses are beginning to experience the "echoing effects" of the layoffs as the economic ripples spread throughout the community. The layoffs' impact extends beyond individual federal employees to create a broader economic challenge for businesses dependent on government-related spending, demonstrating how federal workforce reductions affect entire community ecosystems.
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Echoing Effects of Layoffs on Support Businesses
CBS News·8 months ago