- HeyBryan Media (CSE:HEY) has laid off 50 per cent of its employees, to reduce expenses during the COVID-19 outbreak
- The company has also removed its service fee, in order to make its pickup and delivery services more affordable
- HeyBryan Media hopes to meet the growing demand for at-home delivery caused by COVID-related social distancing and self-isolation
- The company has implemented a number of preventative measures to keep customers and employees safe during the pandemic
- HeyBryan Media’s share price remains unchanged, and is trading at 6.5 cents per share
HeyBryan Media (CSE:HEY) has laid off 50 per cent of its employees, to reduce operating expenses during the COVID-19 pandemic.
The company has also made other reductions, including curtailing certain marketing and technology costs.
HeyBryan, which created an app connecting home maintenance experts with consumers, called the decision “difficult, but necessary”.
The company has implemented a range of measures to ensure the safety of customers and remaining staff during the crisis.
This included advising staff to work from home, as of March 12. HeyBryan has also asked customers and staff to cancel appointments if they feel unwell, or prefer to avoid outside contact.
Company CEO, Lance Montgomery, stated that the safety of customers, experts, and staff is first and foremost in the company’s mind.
“We, along with many other businesses, are facing unprecedented challenges in our operating environment and in capital markets. As COVID-19 spread around the world, our management team began to plan for the disruption that this virus seemed likely to bring.
We have now implemented those plans fully, and plan to continue supporting our customers, experts, and staff through this difficult time,” he promised.
In related news, the company has also waived its service fee, making its pickup and delivery services more affordable.
As COVID-19 has sent more people into self-isolation at home, the demand for at-home delivery services has dramatically increased. Unfortunately, it has also resulted in long wait times for online retailers and other delivery services.
Lance said that the company saw an opportunity to help those in need, and in the wider community.
“We recognise the growing need for affordable pickup and delivery services – particularly for the elderly, more vulnerable, or anyone else unable to get the essential supplies they need. Because no cash changes hands with HeyBryan, and all payments happen in-app, social distancing can be easily adhered to,” he said.
During these uncertain times, the home maintenance experts on HeyBryan’s app must also adhere to strict rules. These include frequently washing their hands, using hand sanitiser and disinfecting wipes in their vehicle, wearing gloves, and avoiding direct contact with customers.
HeyBryan Media’s share price remains unchanged, and is trading at 6.5 cents per share, as of 11:05am EST.