No layoffs, yet.

A few weeks ago planned raises in April were postponed and overtime cancelled/reduced.

Today they announced upper management will take pay cuts for the next three months: CEO no salary, Board 25%, other managers director and up 10-50%.
No employer contributions to 401k in Q3 and Q4.
Considering furloughs, layoffs, reduced hours.

They have a strong history of not doing layoffs, hope they come up with ways to avoid it this time. I am not a manager, but I'd prefer a pay cut over furlough or layoff...