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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.

Airbnb could still IPO in 2020, CEO Brian Chesky says: ‘It has exceeded everything we expected’

Airbnb could still IPO in 2020, CEO Brian Chesky says: ‘It has exceeded everything we expected’

By: Jen Wieczner
Source: Fortune
Date of Publication: June 30th, 2020
Airbnb is hoping to lure customers back after the pandemic with a new cleanliness initiative.
TAGS:
Cleaning protocols
Customer service
Return to work
Companies Choose Furloughs Over Layoffs to Manage Coronavirus Slowdown - WSJ

Companies Choose Furloughs Over Layoffs to Manage Coronavirus Slowdown

By: Tatyana Shumsky and Kristin Broughton
Source: The Wall Street Journal
Date of Publication: July 6th, 2020
Wary of rehiring and retraining costs, most S&P 500 firms that announced staff reductions have avoided permanent layoffs; whether that lasts may depend on the recovery.
TAGS:
Chief Financial Officer (CFO)
Furloughs
Layoffs
Unemployment
Some jobs are coming back, but economy will need years to heal

Some jobs are coming back, but economy will need years to heal

By: David J. Lynch
Source: Washington Post
Date of Publication: July 3rd, 2020
“The situation is really fluid. And it changes day by day,” Jeff Gennette, Macy’s chief executive, told investors this week on an earnings call. The same could be said of the entire U.S. economy, which has defied the most pessimistic forecasts yet still faces an uncertain trek back to its former heights. With the unemployment rate at 11.1 percent, worse than at any point during the Great Recession, and output continuing to decline, the healing could go on for years.
TAGS:
Economic impact
Job losses
Recovery
Costco to reduce coronavirus senior shopping hours_Fox Business

Costco to reduce coronavirus senior shopping hours

By: Cortney Moore
Source: Fox Business
Date of Publication: July 6th, 2020
Wholesale chain will end special shopping for seniors, high-risk customers.
TAGS:
Operational guidelines
Reopening
Shopping
Seniors
Will office buildings ever be the same? Empire State Building offers clues

Will office buildings ever be the same? Empire State Building offers clues

By: Imani Moise and Echo Wang Reuters
Source: St Louis Post-Dispatch
Date of Publication: July 3rd, 2020
The Empire State Building has been a symbol of America's economic might for almost 90 years. Of late, it's also become a symbol of its struggle with the coronavirus.
TAGS:
Offices
Return to work
Air travel jumps over July 4 weekend, but down more than 70% from 2019_CNBC

Air travel jumps over July 4 weekend, but down more than 70% from 2019

By: Leslie Josephs
Source: CNBC
Date of Publication: July 6th, 2020
The number of people passing through U.S. airports in the first five days of July rose more than 90% from a month ago, federal data shows.
TAGS:
Airlines
Demand
Holidays
Blowout jobs report may have missed a troubling trend linked to coronavirus

Blowout jobs report may have missed a troubling trend linked to coronavirus

By: Stephanie Landsman
Source: CNBC
Date of Publication: July 5th, 2020
The latest jobs report shocker may have missed a troubling trend. Crossmark Global Investments’ Victoria Fernandez warns it didn’t capture the fallout from surging coronavirus cases.

“The data was collected through the middle of June,” the firm’s chief market strategist told CNBC’s “Trading Nation” late last week. “It was really the second half of June when we saw states like where I am here in Texas start to reverse their opening up plans. That did not get captured in this number completely.”
TAGS:
Reports
Unemployment
Sources: Bucks, Kings shut practice facilities after receiving coronavirus test results

Sources: Bucks, Kings shut practice facilities after receiving coronavirus test results

By: Adrian Wojnarowski and Marc J. Spears
Source: ESPN
Date of Publication: July 5th, 2020
The Milwaukee Bucks and Sacramento Kings shut down their practice facilities Sunday, sources told ESPN, after receiving the results of a recent round of testing for the coronavirus.
TAGS:
Illness
Shutdowns
Sports
How a coin shortage is impacting retailers and grocery stores

How a coin shortage is impacting retailers and grocery stores

By: Susan Selasky
Source: Detroit Free Press
Date of Publication: July 6th, 2020
In mid-June, the Federal Reserve announced a nationwide coin shortage, which it blamed on the pandemic. But the COVID-19 pandemic has coins — quarters, dimes, nickels and pennies — in short supply.
TAGS:
Cash
Federal government
Oil Gains Past $43 With Saudis Raising Prices, Equities Rallying

Oil Gains Past $43 With Saudis Raising Prices, Equities Rallying

By: Alex Longley and Saket Sundria
Source: Bloomberg
Date of Publication: July 5th, 2020
Oil rose in London to above $43 a barrel as Saudi Arabia hiked its official selling prices, and as global equity markets climbed.
TAGS:
Oil
Price increases
Recovery
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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