Layoffs

Motorcycle maker is latest company to reduce workforce as coronavirus spreads.

Denim maker Levi Strauss & Co.’s sales fell 62% during the second quarter, the company announced Tuesday.

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.

American car giant starts yearlong return program, Ford Promise, for customers unsure of job security.

American Airlines chief executive Doug Parker has warned staffers that the airline will likely have an overage of employees of between 10 to 20 per cent by July 2021 owing to the continued impact of the Corona crisis. Flight attendants are likely to be one of the hardest-hit workgroups Parker warned at an employee Town Hall meeting last week, while pilots may be saved because of the high costs involved in recruiting and training them.

On the same day that Nike announced dismal earnings, CEO John Donahoe sent an email to employees warning them that layoffs are coming.

Sonos is laying off 12 percent of its workforce because of the coronavirus pandemic, according to a Securities and Exchange Commission filing from Tuesday.

Restaurant chain breaks with its own history to offer discounts during pandemic.

United Airlines (UAL.O) sweetened on Tuesday a voluntary exit package for frontline employees like flight attendants and gate agents, saying it needed “a lot more people to sign up” to avoid involuntary layoffs in October, according to a staff email seen by Reuters.

Hotel operator’s job reductions amount to 2,100 employees as coronavirus hits travel, occupancy levels.