In my business, we have no customers, so we have no revenue. IT is surely the last to be let go, but if there is no business, they no longer need an IT department either.
This crisis is fucking everyone. I got everyone working from home in the last few weeks, which has been put on the back burner for years before this. But most of the jobs at my org are customer facing. We are completely shut down for the foreseeable future. There has been layoffs, about half the staff 150 or so. With management desperately trying to secure government money to keep going.
Most businesses are ultimately at the mercy of their customers patronage. Besides annual licensing, and software to deal with working remotely (eg zoom), all other spending has been put on hold now. So we are not spending money, which means other businesses in the economy are not getting that money. Its a huge fucking set of dominoes that WILL effect your business very soon, if it has not already.
We are in a major depression, the effects of which will be felt for years to come.