layoffs
layoffs Articles
Department store operator Macy’s announced on Monday that it will furlough a “majority” of its employees as a result of ongoing concerns about the coronavirus pandemic.
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A recent survey by Challenger, Gray & Christmas indicates that nearly all U.S. companies have either already instituted or are considering instituting work-from-home policies during the coronavirus...
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In an effort to prioritize cash and liquidity, U.S. Steel wants to remain well prepared for when the global economy ultimately recovers.
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GE on Monday announced several actions, including workforce reductions and layoffs, intended to save $500 million to $1 billion in 2020.
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The American Hotel and Lodging Association has released its view on COVID-19's impact on the hotel industry, and the projected losses are nothing short of staggering.
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Virtually every job in the U.S. leisure and hospitality industry is at risk of being lost at least temporarily as more states order people to stay home.
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Early indications are that the Bureau of Labor Statistics unemployment report could show 2 million jobs lost last month.
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One thing that most of America has not come to grasp fully is that the jobs market in America is crumbling, as waves of layoffs have started.
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State and local government mandates against gatherings are putting more than 7 million jobs in a dozen states and the District of Columbia.
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A U.S. jobless rate of 20% would be the equivalent of 30 million Americans out of work. These five industries would be hit the hardest.
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Some industries just cannot have their employees work from home. That fits the bill for most automaker workers who are involved on the factory lines.
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Economists have begun to consider how many jobs are at risk in a sharp downturn, particularly one caused by COVID-19.
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Five states and New York City have ordered bars and restaurants closed in an effort to slow down the spread of the coronavirus. More than 4.4 million jobs could be temporarily lost.
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Widespread job loss is always part of a ripple effect. One region or industry is hit, and that moves to many others.
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Challenger, Gray & Christmas warns that a global recession that may have begun on February 21 is picking up speed.
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