In partnership with RevOps2, we are conducting research on how COVID-19 is impacting SaaS companies. Our goal is to use the collective knowledge and actions of our membership to provide insights and guidance to the overall SaaS industry. All information will be aggregated and anonymized to protect the privacy and confidentiality of every participant.

Keep on reading: COVID-19 SaaS Industry Research

Between April 10 - April 30, 2020, RevOps Squared partnered with SandHill Group to conduct research that will help us understand how financial planning and 2020 forecasts within the SaaS industry have been impacted by COVID-19. This is the summary report of our findings.

Keep on reading: SaaS Financial Impact Research Report: The Impact of a Pandemic on B2B SaaS Companies

Pandemic risks exacerbating economic and social divisions between countries

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The coronavirus pandemic threatens the future of the eurozone by creating huge economic divisions between its 19-member states during what is expected to be the deepest recession since the Great Depression, the European commission has warned.

The EU’s economic commissioner, Paolo Gentiloni, said there was an urgent need to mitigate the inevitable exacerbation of existing social and economic fissures, as countries emerge at different speeds from the unprecedented economic downturn.

The Treasury cannot afford to spend £10bn a month indefinitely, but a cliff-edge end to Covid-19 wage subsidies is not the answer

What’s the safest way for Rishi Sunak to wind down his wage-support furlough scheme? Well, start by finding the correct language. The imagery in the current political talk about “weaning” businesses off an “addiction” is absurd.

When the chancellor introduced the coronavirus job retention scheme on 20 March, he said it was to “protect, as far as possible, people’s jobs and incomes”. There will be trouble if, less than two months later and with lockdown still in place, companies and their workers are portrayed as needy infants or addicts who should know better.

We urgently need a fairer tax system so that rich people like me help solve the fallout from coronavirus, not just profit from it

• Gary Stevenson is an economist and former interest rate trader

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I made my first million the year Greece went under. I was 24 years old at the time.

I’d attended a presentation given by one of Citibank’s senior economists, in which he explained that government debts of the world’s major economies had grown to dangerous levels, and were continuing to grow. He warned that markets could stop lending to some of these governments, forcing a devastating round of austerity on to already battered economies.

If we repeat 2008, buying a house with one’s own wages will be a thing of the past

Related: Don't expect a snapback for the UK economy after lockdown is lifted | Larry Elliott

With biggest plunge in output in 300 years being predicted, we explore why the last great recession happened

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Queen Anne was on the throne. Work had just started on Blenheim Palace in honour of John Churchill’s victories over Louis XIV’s French armies in the war of Spanish succession. The union between England and Scotland was imminent.

1706 is how far economic historians have to look back to find a slump bigger than the one that now threatens the country as a result of the Covid-19 pandemic.

Related: UK unemployment to double and economy to shrink by 14%, warns Bank of England

Former Bank of England governor attacks government’s response to pandemic

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Mervyn King, the Bank of England governor during the financial crisis, has warned that Britain’s economy will take longer than expected to recover from the coronavirus pandemic.

Launching an attack on the government over its emergency loan guarantee scheme for businesses struggling during the crisis, Lord King said ministers needed to urgently “get a grip” on the situation to prevent lasting damage to the economy.

Related: War and the weather: what caused the huge economic slump of 1706?

Oil price rises and shares end week on a high despite growing economic damage from coronavirus pandemic

Global markets rose on Friday despite mounting economic damage from the coronavirus pandemic, as tensions eased between the White House and Beijing.

Share prices on Wall Street and in Europe ended the week on a high amid rising hopes that lockdown measures could be lifted soon to reboot growth and that a full-blown global trade war could be averted.

Related: US Nasdaq index recovers all of 2020's losses triggered by Covid-19

More than 20m Americans lost their jobs in April – and Friday’s report suggests there might be much more trouble ahead

• Jobs figures: April worst month since Great Depression

Friday was a dark day for the US economy. The labor department announced more than 20 million people lost their jobs in April as the coronavirus shut down much of the economy.

Here are five key takeaways from a report that will enter the history books as the worst since the Great Depression of the 1930s.

This was the #JobsReport everyone was fearing & for good reason: 20M jobs lost. For African Americans unemployment rose to 16.7% & a similar jump for Whites to 14.2%.

This gives a historically low ratio of 1.3. Of course that means it took a pandemic to get these rates closer. pic.twitter.com/XPIG57BpJi

Sometimes it's better to not post anything at all

A teenager bonds awkwardly with her cousin as they take the bus from a rural community to New York so that she can have a termination

The four words in this title are the four possible replies to bureaucratic tick-box questions about the frequency of your various sexual experiences. A young woman here must answer them, before she is allowed to have an abortion. However rigid and blandly routine it seems, the four-part answer grid is cleverly designed to get information about vulnerability: it is so easy instinctively and evasively to deny a difficult question structured as a yes/no, but much harder to check the “never” box, when “rarely”, “sometimes” and “always” are coolly offered as equivalently non-judgmental options.

The lead character in Eliza Hittman’s tough, realist drama is confronted with this central, four-part inquisition about her life in one brilliantly controlled, enigmatic scene. Theoretically, it is just a bit of form-filling that doesn’t appear to promise any real revelation to the audience. Yet it does just that, delivering a penny-drop moment of realisation. Or perhaps it’s more of an ambiguous hint and all the more disquieting for that.

Related: Sleazy bosses, exploited barmaids: US cinema finally discovers the left behinds

From cycling soundtracks to anti-nuclear protest music, we celebrate the work of the late Florian Schneider and the groundbreaking group he co-founded

Kraftwerk’s first new and original music since 1986, this single started as a commissioned jingle for the Hanover Expo 2000 world’s fair, but returned Ralf Hütter and Florian Schneider to the UK Top 30. The trademark mix of subtle techno grooves and melody find them – of course – peering into the 21st century.

(New Deal)
With his fourth solo album the acclaimed producer faces down the confusion of modern life with intoxicating calm

Blake Mills has picked up Grammy nominations for his production work on Laura Marling’s Semper Femina, John Legend’s Darkness and Light and Perfume Genius’s No Shape. However, the fourth solo album by the 33-year old Californian former touring guitarist should turn the spotlight towards his own work. Mutable Set is intended as a “soundtrack to the emotional dissonance of modern life”. Themes range from precious people and experiences to disappointment and isolation, though this isn’t conventional singer-songwriter fare.