August 25, 2020
“American Airlines Group Inc. will cut 19,000 workers once federal payroll aid expires as scheduled on Oct. 1, capping a 30% workforce reduction since the coronavirus pandemic began to torpedo travel demand. About 17,500 employees will be furloughed, meaning they… Continue Reading…
August 14, 2020
“More than 1,200 Amazon delivery drivers have been laid off in recent months after the company cut contracts with several small delivery companies across the country. Amazon informed at least seven firms that are a part of its delivery service partner, or… Continue Reading…
July 31, 2020
“The number of Americans who filed new claims for unemployment benefits last week totaled 1.434 million, the Labor Department reported Thursday, roughly in line with expectations, as the coronavirus pandemic continues to ravage the U.S. economy. It was the 19th straight… Continue Reading…
July 23, 2020
“The number of Americans who filed for unemployment benefits rose more than expected last week… The Labor Department said Thursday initial jobless claims came in at 1.416 million for the week ending July 18. Economists polled by Dow Jones expected… Continue Reading…
July 10, 2020
“United Airlines is warning 36,000 employees — nearly half its U.S. staff — they could be furloughed in October, the clearest signal yet of how deeply the virus pandemic is hurting the airline industry… Airlines say they must shrink to… Continue Reading…
July 3, 2020
“Nonfarm payrolls soared by 4.8 million in June and the unemployment rate fell to 11.1% as the U.S. continued its reopening from the coronavirus pandemic, the Labor Department said Thursday. Economists surveyed by Dow Jones had been expecting a 2.9… Continue Reading…
July 2, 2020
“Energy company BP said Monday that its global workforce will be trimmed by 10,000 jobs… Chief Executive Bernard Looney said that the roles will be office-based and come mostly this year. The company’s current global workforce is 70,000. The changes… Continue Reading…
June 18, 2020
“AT&T Inc plans to cut more than 3,400 technician and clerical jobs across the country over the next few weeks, the wireless carrier told its main labor union, the Communications Workers of America, on Tuesday. The U.S. telecom and media… Continue Reading…
June 17, 2020
“The number of Americans applying for unemployment benefits in the two months since the coronavirus took hold in the U.S. has swelled to nearly 39 million, the government reported Thursday, even as states from coast to coast gradually reopen their… Continue Reading…
June 8, 2020
“The Nasdaq Composite became the first of the three major averages to climb back to an all-time high, advancing 2.0%, or 198.27 points, to 9,814.08 on Friday and touching an intraday record of 9,845.69. After tumbling as much as 25% earlier this… Continue Reading…
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