The thing is even if you lose half your customers you still have the other half and although you may not be running on all cylinders you are still running. You also have an ability to recover.
All those workers, especially in the financial sectors who have lost their jobs are completely stuffed. Its either job or no job and thats it. They will never work again at least not at a job like that.
Even when the recession lifts they will be tainted goods, yesterdays men.