Furloughs

Secret on Monday kicked off its #RaiseItUp initiative, an effort aimed at supporting women's equality programs in partnership with YMCA USA, per a press release.

Pelosi said the additional aid could be a standalone bill or part of a broader coronavirus package.

American Airlines and United Airlines, two of the largest U.S. carriers, said they were beginning furloughs of over 32,000 workers on Thursday as hopes faded for a last-minute bailout from Washington.

United Airlines’ pilots agreed to reduce their hours to avoid furloughs of close to 3,000 pilots.

American Airlines AAL.O Chief Executive Doug Parker and seven major airline unions on Wednesday made a new push to win additional government assistance to keep nearly 20,000 workers on the payroll past Oct. 1.

CEOs of the Fortune 500, surveyed in the last two weeks of April, believe it will be years before the effects of COVID-19 are purged from the U.S. economy.

With no air travel rebound or new federal help in sight, United Airlines says it will furlough about 20% of its frontline employees in less than a month's time.

Casino operator MGM Resorts International (MGM.N) informed its staff on Friday it would lay off 18,000 furloughed employees in the United States as the coronavirus-induced travel curbs hurt its operations.

Airline to shrink workforce by 30% as pandemic continues to weigh heavily on travel demand.

Nearly 17,000 Southwest employees, or 28% of the workforce, signed up for leaves of absence or early retirement.