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The Changing Nature of Work

From virtual offices to essential workers, explore how companies are adapting to changes in the way we work. Content in this collection may include topics such as the pandemic’s impact on employment (layoffs, hiring freezes, etc.), the shift to remote working and digital workplaces, how planned events and conferences have been affected, and how business models are adapting to the new realities of life amid a global pandemic.

Best Buy signals slowing sales of work-from-home electronics

Best Buy signals slowing sales of work-from-home electronics

By: Uday Sampath Kumar
Source: Reuters
Date of Publication: February 25th, 2021
Best Buy Co Inc signaled a slowdown in the coronavirus crisis-driven demand for remote-work computer equipment as it missed holiday-quarter sales estimates, sending its shares down 8%.
Valentino is sued for $207 million after shutting Manhattan boutique over pandemic

Valentino is sued for $207 million after shutting Manhattan boutique over pandemic

By: Jonathan Stempel
Source: Reuters
Date of Publication: February 19th, 2021
Valentino SpA was sued for $207.1 million by the landlord of its former American flagship on Manhattan’s Fifth Avenue, which said the Italian fashion company had no right to break its lease and leave the store in disrepair.
L'Oreal sales rebound as beauty business shifts online in pandemic

L'Oreal sales rebound as beauty business shifts online in pandemic

By: Sarah White
Source: Reuters
Date of Publication: February 11th, 2021
L'Oreal, the world's biggest cosmetics group, posted higher-than-expected revenue growth for the fourth quarter in part as beauty shoppers flocked online during the coronavirus pandemic.
Ebay earnings beat on pandemic-driven surge in online shopping; shares soar

Ebay earnings beat on pandemic-driven surge in online shopping; shares soar

By: Akanksha Rana, Jeffrey Dastin
Source: Reuters
Date of Publication: February 3rd, 2021
E-commerce firm eBay Inc said it would emerge “stronger” from the COVID-19 crisis after a pandemic-driven surge in online shopping helped the company beat estimates for sales and profit in the holiday quarter.
American Airlines sending 13,000 furlough warnings as pandemic pain persists

American Airlines sending 13,000 furlough warnings as pandemic pain persists

By: Tracy Rucinski
Source: Reuters
Date of Publication: February 3rd, 2021
American Airlines said that some 13,000 employees are at risk of furlough when a U.S. aid package for airline workers expires on April 1, blaming slow vaccine rollouts and new international travel restrictions for dampening demand.
10,000 stores are expected to close in 2021, as pandemic continues to pummel retailers

10,000 stores are expected to close in 2021, as pandemic continues to pummel retailers

By: Lauren Thomas
Source: CNBC
Date of Publication: January 28th, 2021
One retail research and advisory group predicts as many as 10,000 stores could be closed in the United States this year, which would set a new record, as the Covid pandemic continues to take a toll on the industry and companies rethink how many locations they can sustain.
Microsoft profits jump 33 percent as pandemic continues shift to cloud computing.

Microsoft profits jump 33 percent as pandemic continues shift to cloud computing.

By: Karen Weise
Source: The New York Times
Date of Publication: January 26th, 2021
Microsoft continued to benefit from the pandemic’s shift to remote computing and gaming, with revenue and profits reaching new heights in the latest quarter, the company said on Tuesday. Sales in the quarter hit $43.1 billion, up 17 percent from a year earlier, and profits rose 33 percent to $15.5 billion, Microsoft said.
3M CEO expects Covid demand for the company’s N95 masks to be strong throughout 2021

3M CEO expects Covid demand for the company’s N95 masks to be strong throughout 2021

By: Kevin Stankiewicz
Source: CNBC
Date of Publication: January 26th, 2021
3M Chairman and CEO Mike Roman said Tuesday the industrial giant anticipates demand for its N95 respirator masks to be robust throughout 2021, even as the administration of Covid vaccines drive hopes that the pandemic’s intensity will begin to wane.
Target to give employees bonuses after strong holiday season, extends Covid-related benefits

Target to give employees bonuses after strong holiday season, extends Covid-related benefits

By: Melissa Repko
Source: CNBC
Date of Publication: January 25th, 2021
Target said it will spend $200 million on another round of bonuses for employees and will extend its coronavirus-related benefits. It will give $500 bonuses to all hourly workers and $1,000 to $2,000 bonuses to those in leadership roles, such as store directors.
A person cleans a table in an outdoor tented dining area of a restaurant in Sacramento, Calif., on Nov. 19.

Job Growth Slows Sharply As Pandemic Takes Toll On Economy

By: Scott Horsley
Source: National Public Radio
Date of Publication: December 4th, 2020
U.S. employers sharply scaled back their hiring last month as the coronavirus pandemic put new pressure on restaurants, retailers and other businesses. The Labor Department said Friday that employers added just 245,000 jobs in November, down from a revised 610,000 in October.

Browse Collections

  • The Changing Nature of Work COVID-19

    The Changing Nature of Work

    From virtual offices to essential workers, explore how companies are adapting to changes in the way we work.
    Read More
  • Business on the Front Lines COVID-19

    Business on the Front Lines

    News and perspectives from corporations rising to the challenge of the COVID-19 public health crisis.
    Read More
  • Leading in a Crisis COVID-19.

    Leading in a Crisis

    Uncertainty can be disorienting and disruptive. Learn from business leaders about what it’s like to navigate their organizations and people through a global pandemic.
    Read More
  • Service and Community COVID-19

    Service and Community

    We’re in this together. Discover ways corporations are serving their communities and pivoting to become essential services.
    Read More