layoffs
layoffs Articles
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.
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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.
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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.
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As oil prices plunge and the number of drivers shrinks, the future of America's 120,000 gas stations is bleak.
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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...
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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.
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Summer jobs could fall by half year over year as the U.S. economy continues to struggle with the coronavirus outbreak.
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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.
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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.
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Walt Disney is joining the growing list of U.S. companies that are furloughing employees in response to the global coronavirus outbreak.
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The peak unemployment level of the Great Depression was nearly 25% in 1933. Such a jobless rate may be closer than people think.
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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.
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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.
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Companies around the world are finding more ways to cuts costs and deal with the coronavirus, and Caterpillar is no different.
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Total nonfarm private sector payrolls were down only 27,000 in ADP's report for March, but that did not include all the data.
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