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Uber announced Wednesday that it plans to take more actions to cut costs in regards to the COVID-19 pandemic, including layoffs and executive pay cuts.
J.C. Penney, Gap and Macy's are all on the ropes. Together they employ more than 340,000 people, and their fates depend on how long the economy is shut down.
Boeing posted a wider-than-expected first-quarter loss but beat an estimated free cash flow loss. The company also said it will cut 10% of its global workforce of around 160,000 people.
As oil prices plunge and the number of drivers shrinks, the future of America's 120,000 gas stations is bleak.
It’s been longer than a year that there has been very much good news for Boeing Co. (NYSE: BA). Apparently, not even bad news for Boeing lasts forever. The aerospace and defense giant reported on...
Announced job cuts due to the COVID-19 outbreak totaled 244,000 in the first two weeks of April, an increase of 11% over job losses announced for all of March.
Summer jobs could fall by half year over year as the U.S. economy continues to struggle with the coronavirus outbreak.
TJX says it will furlough a majority of its employees, most from its stores and distribution centers, but top executives will not get by unscathed.
The jobless rate will soar for months, as millions of workers in deeply wounded industries and in companies trying to preserve cash are pushed off the payroll.
Walt Disney is joining the growing list of U.S. companies that are furloughing employees in response to the global coronavirus outbreak.
The peak unemployment level of the Great Depression was nearly 25% in 1933. Such a jobless rate may be closer than people think.
Boeing has announced a voluntary layoff for eligible employees but the company did not provide specific details which it said would be coming in three to four weeks.
U.S. companies announced more than 222,000 job cuts in March, a year-over-year increase of nearly 300%. The vast majority of the job losses were attributed to the outbreak of COVID-19.
Companies around the world are finding more ways to cuts costs and deal with the coronavirus, and Caterpillar is no different.
Total nonfarm private sector payrolls were down only 27,000 in ADP's report for March, but that did not include all the data.