Torrance, South Bay’s largest city, is also its commercial and retail hub. Economic losses from coronavirus-induced business closures and stock market investments will create a massive hole in Torrances city budget over the next two fiscal years. The city is proposing a hiring freeze of about 115 unfilled positions, which should generate ongoing savings of as much as $850,000 a month. City departments are expected to see budget cuts of up to 18% as a result of the virus.”]