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Layoffs

Southwest seeks pay cuts from unions to avoid layoffs through 2021

Southwest seeks pay cuts from unions to avoid layoffs through 2021

By: Tracy Rucinski
Source: Reuters
Date of Publication: October 5th, 2020
Southwest Airlines LUV.N said on Monday it is asking unions to agree to pay cuts in order to prevent furloughs and layoffs through 2021 as the industry struggles to stem losses from the coronavirus pandemic in the absence of more federal aid.
Disney to lay off about 28,000 parks unit employees due to coronavirus hit

Disney to lay off about 28,000 parks unit employees due to coronavirus hit

By: Lisa Richwine
Source: Reuters
Date of Publication: September 29th, 2020
Walt Disney Co said on Tuesday it will lay off roughly 28,000 employees, mostly at its U.S. theme parks, where attendance has been crushed by the coronavirus pandemic, especially in California where Disneyland remains closed.
Goldman Sachs to go ahead with 'modest' job cuts after coronavirus pause

Goldman Sachs to go ahead with 'modest' job cuts after coronavirus pause

Source: Reuters
Date of Publication: September 30th, 2020
Goldman Sachs Group Inc GS.N plans to move forward with "a modest number of layoffs", a company spokesperson said on Wednesday, months after the Wall Street bank paused job cuts due to the COVID-19 pandemic.
MGM Resorts to lay off 18,000 furloughed U.S. employees

MGM Resorts to lay off 18,000 furloughed U.S. employees

Source: Reuters
Date of Publication: August 28th, 2020
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.
NBCUniversal Begins Layoffs Reported To Impact Up To 10% Of All Employees

NBCUniversal Begins Layoffs Reported To Impact Up To 10% Of All Employees

By: Elana Lyn Gross
Source: Forbes
Date of Publication: August 4th, 2020
NBCUniversal began long-anticipated layoffs Tuesday which will reportedly impact up to 10% of the team, amid the company’s larger restructuring of the entertainment division and an internal investigation into toxic workplace allegations.
Virgin Atlantic airline files for US bankruptcy protection

Virgin Atlantic airline files for US bankruptcy protection

Source: Associated Press
Date of Publication: August 4th, 2020
Virgin Atlantic, the airline founded by British businessman Richard Branson, filed Tuesday for protection in U.S. bankruptcy court as it tries to survive the virus pandemic that is hammering the airline industry.
Effects of Covid-19 Hit LinkedIn, as 960 Employees Will Be Laid Off

Effects of Covid-19 Hit LinkedIn, as 960 Employees Will Be Laid Off

By: David Cohen
Source: Adweek
Date of Publication: July 21st, 2020
About 6% of its workforce is impacted, across its global sales and talent acquisition areas.
Harley-Davidson to Cut 13% of Global Workforce - WSJ

Harley-Davidson to Cut 13% of Global Workforce

By: Austen Hufford
Source: The Wall Street Journal
Date of Publication: July 9th, 2020
Motorcycle maker is latest company to reduce workforce as coronavirus spreads.
Levi's sales fall 62% in second quarter, to cut 15% of corporate workforce_CNBC

Levi’s sales fall 62% in second quarter, to cut 15% of corporate workforce

By: Lauren Thomas
Source: CNBC
Date of Publication: July 7th, 2020
Denim maker Levi Strauss & Co.’s sales fell 62% during the second quarter, the company announced Tuesday.
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.