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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.

Macy's posts smaller-than-expected loss, shares rise

Macy's posts smaller-than-expected loss, shares rise

Source: Reuters
Date of Publication: September 2nd, 2020
Macy’s Inc (M.N) reported a smaller-than-expected quarterly loss and beat sales estimates on Wednesday, as shoppers stuck indoors due to the COVID-19 pandemic bought more apparel using the department store chain’s app and website.
TAGS:
Financial losses
Quarterly reports
Sales
Lego sales surge as housebound families turn to play

Lego sales surge as housebound families turn to play

By: Jacob Gronholt-Pedersen
Source: Reuters
Date of Publication: September 2nd, 2020
Sales of Lego jumped 14% in the first six months of the year as families under coronavirus lockdowns spent more time playing together at home, the Danish toy maker said on Wednesday.
TAGS:
Children
Demand
Sales
Stay at home
Toys
Rolls-Royce says demand for luxury cars is recovering

Rolls-Royce says demand for luxury cars is recovering

Source: Reuters
Date of Publication: September 1st, 2020
The chief executive of Rolls-Royce said demand for his company’s luxury cars is rebounding, helped by sales in Asia, and he is optimistic about the outlook for next year after the coronavirus pandemic hit consumer confidence and closed dealerships.
TAGS:
Demand
Luxury brands
Sales
Samsung eyes new opportunities as pandemic ignites demand for home appliances

Samsung eyes new opportunities as pandemic ignites demand for home appliances

By: Joyce Lee
Source: Reuters
Date of Publication: September 1st, 2020
From sanitizing closets to customizable fridges, the coronavirus pandemic has fanned demand for home appliances - so much so that Samsung Electronics Co Ltd (005930.KS) is adding warehouses and bringing popular products to more markets.
TAGS:
Appliances
Demand
Home
Coronavirus: U.S. department stores could be in their 'last stages'

America’s department stores, cornerstones in fashion, could be in their ‘last stages’

By: Lauren Thomas
Source: CNBC
Date of Publication: September 1st, 2020
The coronavirus pandemic is shining a light on U.S. department stores’ dependence on selling fashion and their delay in adapting to today’s retail environment.
TAGS:
Bankruptcy
Clothing
Fashion
Financial losses
Small the new big for hotels post-pandemic, says Oyo CEO

Small the new big for hotels post-pandemic, says Oyo CEO

By: Axel Threlfall, Joshua Franklin
Source: Reuters
Date of Publication: September 1st, 2020
The COVID-19 pandemic will mean holiday-goers will shy away from larger hotels for the foreseeable future in favor of boutiques and home rentals, the CEO of India-based hospitality startup Oyo Hotels and Homes told Reuters.
TAGS:
Demand
Hotels
Travel
Uber extends mask selfie verification feature to riders

Uber extends mask selfie verification feature to riders

By: Tina Bellon
Source: Reuters
Date of Publication: September 1st, 2020
Uber Technologies Inc (UBER.N) on Tuesday said it will roll out a global selfie feature to verify its ride-hail customers wear a mask, modeled after a similar feature introduced for drivers in mid-May.
TAGS:
Customers
Masks
Factbox: Americans on lockdown pay more for groceries, clothes and appliances

Factbox: Americans on lockdown pay more for groceries, clothes and appliances

By: Richa Naidu, Siddharth Cavale, Nick Carey
Source: Reuters
Date of Publication: September 1st, 2020
U.S. shoppers have been paying more than last year for a range of consumer goods during the COVID*19 pandemic, from eggs and deli meat to running shoes, according to a Reuters analysis of the latest pricing and sales data.
TAGS:
Food
Grocery stores
Price increases
Maersk to cut jobs in major reorganisation

Maersk to cut jobs in major reorganisation

Source: Reuters
Date of Publication: September 1st, 2020
Maersk (MAERSKb.CO) will cut jobs in a major shake-up that will affect a third of the shipping giant’s staff as it seeks to integrate its seaborne container and in-land logistics businesses, it said on Tuesday.
TAGS:
Job cuts
Shipping
No reset, no bottom for GE yet: J.P. Morgan

No reset, no bottom for GE yet: J.P. Morgan

Source: Reuters
Date of Publication: August 31st, 2020
General Electric Co (GE.N) shares are now worth less than $5 each, analysts from J.P. Morgan said on Monday, valuing the U.S. conglomerate at less than $44 billion and predicting it is yet to reach a turning point in efforts to reboot its businesses.
TAGS:
Financial losses
Stock prices
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  • 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.
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  • 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.
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  • 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.
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