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Business, Economy

“More Airlines Plan Big Layoffs Despite Taking Billions In Bailout Money”

“American Airlines stock fell Thursday after a letter to employees outlining planned job cuts due to the coronavirus surfaced late Wednesday. Delta Air Lines (DAL) is also preparing a round of voluntary job reductions. In the staff letter, American Airlines (AAL) said it would… Continue Reading…

Business, Economy

“With cuts at Vice, Quartz, BuzzFeed, even media’s savviest digital players are hurting”

“The layoffs came swiftly last week. At Vice Media, 155 people lost their jobs. Quartz laid off 80. Condé Nast, publisher of glossy magazines like Vogue, cut 100 people. And as BuzzFeed furloughed staffers at its overseas divisions, its U.S.-based… Continue Reading…

Business

“Big Uber Shareholders Rebel on CEO’s Huge Pay Package Amid… Layoffs”

“At Uber’s 2020 shareholders meeting on Monday, a group representing large Uber shareholders took issue with how much the ride-sharing giant is paying its CEO Dara Khosrowshahi while the company slashes thousands of jobs and its contractor drivers struggle to make ends… Continue Reading…

Economy

“More than 2,100 U.S. cities brace for budget shortfalls… many planning cuts and layoffs”

“More than 2,100 U.S. cities are anticipating major budget shortfalls this year and many are planning to slash programs and cut staff in response, according to a new survey of local officials released Tuesday… Nearly 9 in 10 cities surveyed… Continue Reading…

Economy

“Layoffs Are Just Starting, and the Forecasts Are Bleak”

“Marriott International, the hotel operator, said Tuesday that it would begin furloughing tens of thousands of employees worldwide. Restaurants, coffee shops, gyms and other small businesses have begun laying off workers outright. On Monday, a flood of inquiries from newly… Continue Reading…

Business

The Layoffs Are Coming! “…Disney and Fox Staff Voice Frustrations”

“Disney has said all along that it intends, due to the merger, to save $2 billion annually by 2021, and such rhetoric usually means jobs will be lost. “This is what happens in mergers,” explains Northlake Capital Management founder Steven… Continue Reading…