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NYC Trying to Avert 22,000 Layoffs

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New York City is still trying to avoid tens of thousands of layoffs because of the financial crisis the city faces because of the pandemic.

Mayor Bill de Blasio said it is a real possibility that 22,000 city workers could be let go Oct. 1.

“It’s a massive painful number," he said. "It resembles the kind of things we had to do decades ago. But the job here is to try and avert it if we can.”

The mayor said he is not counting on any coronavirus stimulus money from Congress at this point.

So far, de Blasio has struck out trying to get borrowing authority from Albany. He said he’ll keep trying and then make another effort to extract savings from labor unions before resorting to layoffs.