Layoffs

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.

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 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.

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 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, 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.

About 6% of its workforce is impacted, across its global sales and talent acquisition areas.

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.