20% of Irish firms lay off entire staff as IMF predicts worst fallout since Great Depression

A quarter of firms expect revenues to plummet by 90% in the next three months, while a fifth have already laid off their entire staff, according to a report by Chambers Ireland.

The national body for chambers of commerce around the country gauged the impact of the Covid-19 pandemic in the past week, with stark findings among the 1,100 business surveyed.