Ethics Related Issue The coronavirus outbreak has triggered unprecedented mass layoffs and furloughs of workforce

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Ethics Related Issue

The coronavirus outbreak has triggered unprecedented mass layoffs and furloughs of workforce. Several companies that have furloughed and laid-off their employees are owned by billionaires and millionaires. Should they practice "shared sacrifice" - owners and employees are asked to take a little pain than a few taking it all? Or when companies are not making profits, it is the right of the employers/owners to furlough or terminate employment?

Question: Identify ethical issues or concerns associated based on the case above. Elaborate about these issues and concerns.