TMCs Big And Small Tap CARES Act Relief

Travel management companies of all stripes and sizes in the past month have reduced labor costs through a variety of actions, from unpaid leave, reduced schedules and salary cuts to temporary furloughs and permanent layoffs. In recent weeks, The Beat connected with around a dozen TMCs, virtually all of whom confirmed they have or will apply for U.S. federal relief under the CARES Act to fortify payrolls.