White-Collar Job Security Exposes Huge Gap With Service Industry

Chief Executive Horacio Rozanski told employees Wednesday that Booz Allen Hamilton Inc. would set aside at least $100 million to guarantee their jobs over the next three months as the Covid-19 pandemic rocks the world economy.

Bank of America Corp., Citigroup Inc. and Morgan Stanley have also pledged to keep their workforces intact through the downturn. Salesforce.com CEO Mark Benioff is challenging all company CEOs to commit to 90 days without broad layoffs.

While retailers, movie theaters and restaurant chains are furloughing hundreds of thousands of employees as revenue dries up, other employers are still able to do business with social ...