In crisis! GAP stops paying wages to 10,000 employees

GAP said that due to the forced closure of its stores during the new crown pneumonia epidemic, it has lost 7 billion yuan since February and expects to have only 5 billion yuan in cash flow by next week. Precarious. At present, GAP has taken 11 measures: including suspending the payment of wages to more than 80,000 employees and allowing them to take vacations; layoffs, salary cuts, suspension of rent payments, suspension of stock repurchases, suspension of dividends, etc…